RE:Sphere Resultsdpunt32,
I read your commentary and would say the following. No disrepect intended.
1. I will wonder as well and say that the majority of the sales were 3rd party. I base that on my own due diligemce. I will add that I expect sales to continue to increase quarter by quarter.
2. Your accounting red flag comment does not add up to me. How did you come to the conclusion that is it not normal to have your AR number equal to your sales number? AR can be 60 to 90 days as well after booking a sale. I took accounting and Accounts Receivables usually run at your average monthly run rate times of 2.5 to 3.
3. We all knew OVRL was in financial trouble. OVRL made a committment to cut 20 million a year in operating costs and that was stated publicly. OVRL is well on its way to accomplishing that goal. ANY and OVRL will be much stronger financially when the two companies are merged.
4. You are correct that ANY did not complete the prospectus. The F-4 has to be filed first and it did not happen on time. ANY is in the last innimgs of closing the merger and bottom lines things can change. Would have liked to seen it done , but it wasn't. An extra 50 k in shares.
5. I am confident Sphere will generate and grow their sales and bottom line. One of us will be right and one of us will be wrong. If there is a future financing, the outcome will be determined by the outlook for ANY. I am an investor in ANY untill I see something concrete that would change my mind. IMO