Business OutlookI agree that the company will probably turn things around, but not for a couple of quarters.
Unfortunately, in the short run, there is going to be alot more pain.
The company burned through over $3M in cash last quarter, and I expect more of the same in the next quarter. On top of this I expect at least a partial writeoff of the $14M goodwill from the Aquaguard acquisition. Did they overpay for that !!!!
At this point, I think another dilutive share financing is inevitable, and I would not be surprised to see the share price hit another 52 week low.
Prof