Post by
jharbaugh on Nov 29, 2011 10:41am
Cr@p
I have to admit, this did not meet my expectations. The good news is that their costs are under control so their loss was about where I expected it to be. But the loyalty points growth this quarter is terrible. $273.8K last Q3 to only $306.6K this Q3 even with all the new sign ups. Its the breakage revenue that really saves them and that's non-recurring. Let's hope it was just a bump in the road but I'm not buying any more FUT for the short term. On to Q4!
Comment by
BayWall on Nov 29, 2011 10:56am
537,000 shares sold this morning, some at 2.5 cents, but only by "one" seller using TD Securities. Can't read much into this. Futura has to pay office salaries and fees for advisors. These are for the most part, fixed costs. Revenues must grow even higher to cover these costs.General and Admin costs $483,014Interest Expense $325,954Cash on hand $164,932.