RE:RE:RE:RE:RE:RE:RE:Financials on sedar!!!These financial results aren't surprising. If they were any different we would have heard reports of results or installations that would have made an impact. We are still waiting on the F500 comkpany which we should hear more concrete news early in the new year.
I suggest that the whole cable labs has been a big distraction, but a good distraction. Much of the business, energy and development would have been completely focused on this. We wonder what Matt has been doing? He has been developing the presentations that have been given to cable labs sponsors. I doubt he has been providing news releases because there hasn't been a lot to report.
The only encouraging news that I see from the financials is that half the income is from europe. Although the money isn't significant, at least our new channels in the Netherlands and the UK must actually be selling units. A small step, but if the first deployments are successful, there is significant opportunity for more.
All in all our chips are in the F500 company and then cablelabs. If these pan out, we will springboard much higher. If neither of these pan out we likely are done - or at least the dreams of $1+ per share are done.
At this point, I believe that everything from cablelabs points to a good return in the future. We just need a bit more patience which I sometimes feel is in short supply after almost 18 months of waiting.