RE:RE:RE:RE:RE:RE:RE:Options
Either way, I view the selling as a bad omen. I guess we'll see.
There are a couple of other things that I'm concerned about.
1. Gross Margins - GM's have been abnormally high. This is due to the sales mix being mostly tilted towards custom equipment. Once the turn-key starts to show up in higher proportions, GM's should drop back into the low 40's possibly swinging us back into the red.
2. Bad debt expense - There is close to a million dollars in accounts receivable that are more than 90 days past due. Not sure about this one; aren't our clients fortune 500 companies? There might have to be a big write down if this can't be collected.
Anyhow, it's going to be a long wait until q2 is released at the end of Jan. Here's hoping that Bill keeps up with the IR campaign and doesn't put this thing back into "sleep" mode now that the AGM has taken place.