RE:RE:RE:Here's what I'm readingYou get so worked up about profitability that you completely miss the picture. Amazon has never been profitable, yet Jeff Bezos is the richest man in the world. (And for the record, dumba$$, I never said it was profitable at $5m sales, nor quite frankly, do I care).
Alanmakingcents wrote: And YOU are very wrong in saying at 5 million in sales the company is profitable. Just because the company lost 3 million on 2 million of sales doesn't imply that if they increase sales by 3 million they suddenly break even. Talk about stretching reality! They just announced hiring more PHDs. Are they working for free? There is a reason they are borrowing at 10% plus incentive warrants that the company says is an effective rate of over 20% per annum. Does that sound like a company with profitability around the corner. And why if this past contract provides over 5 million dollars each and every year, is the CEO only forecasting 6 million for the whole year from all past and future deals?
This company has potential but it is trading at .14 because today it is worth .14. To some. Personally I think it is overvalued. I'm looking to buy down the road if I see more clarity.
Alan