RE:Email & TextsRevenues of 3.7M would be a 40% QoQ increase which I think is wildly optimistic. The Q1 to Q2 QoQ revenue increase was only 11%. I would not expect to see much more than 3M even, if that. I would prefer that you are right though :)
I do expect the CoGs to be better with the changes in manufacturers but we may not see that yet. With the lower than expected sales, we aren't burning through the higher priced inventory as fast and we may even see a right-down of inventory if it has expired. So again....lots of uncertainty there.
As for everyone's favourite hedge fund, by my estimates Lind has been issued in the neighbourhood of 50M shares by now with about 35M of those in the last 2 months as the SP has been sub 10c. That puts us at over 205M shares outstanding with another $405,000 payment looming on Nov. 1st we will likely see 220-230M shares out by the time they report next.
It is possible that Lind has been, and will continue dumping the shares via Instinet rather than naked short selling so they may not actually own over 25% of the company, which would trigger some regulatory reporting requirements. With another 22M shares as of yesterday's monthly installment, we may see continued selling into next month for Lind to stay under the reporting threshold. It is my sincere hope that if it is Lind that is selling the price down, that they have a target in mind and are close to reaching it so that the price can appreciate.
When I began my adventure with BABY, I was hoping it would be early retirement...now I'm just hoping I don't lose my shirt.
Some scary thoughts:
- Else is in default of the loan agreement and Lind can call in the loan at any time. Remaining balance between 4-5M USD which would need to be paid in cash or shares.
- Lind has a lien on all Else assets, including IP (eg Else's formula patents)