RE:RE:Financials out April 29th...place your bets....Well, we have a while yet.
I didn't expect the stock to take off just because they were going to put out financials.
If Gupta was still in charge we might have seen a pop just on that news.
But Gupta was a master of hyperbole and Ensing is just a nitty gritty "numbers" guy.
Ensing wanted to cut G&A and sell some non core assets to straighten out the balance sheet.
Gupta should have been doing that too but I think he was too interested in the big picture and being profound. When he couldn't do that anymore with Transgaming he looked for a bigger stage.
There are 2 parts to company profit. One is revenue, which I think will look better for the last quarter but it will only go to Feb. 28th and the other is expenses which I think could look a lot better if Ensing followed through on the cuts he said he was going to make.
The results may not run the stock to .60 but if they show that the company has turned the corner and can start making a consistent profit then the stock should move up a bit.
And the volume will COME to TNG if it looks like it is on the right track. All you have to do is look at those days when TNG trades over 1.5 mill. shares to know that there a LOT of people that follow this stock.
Maybe we will see some of them trading next week.........
Bob