Post by
btds on Nov 06, 2022 10:56pm
Quarterly Financials?
I assume we may see quarterly results this week. Why does it take so long to compile small unaudited results? They've had 12 years to develop systems to handle +/- $3 million in sales quickly and efficiently.....but, NO, not this group! Their 2 large customers Trinity and Greenbrier reported their results 6-10 days ago. ...they are billion $ firms! Kelso corporate people are complacent and overpaid for doing a lousy job....and they are paid in US dollars, so get an additional 25% bump from the strong US dollar... There is no excuse. I'm guessing that results will show a decent gross margin produced by the Rail core group. BUT, losses will mount because the Off-road Gizmo is burning cash and has no product, no market, and no sales for the foreseeable future.... All of this will again create the need to raise cash via another PP and further Dilution. Not Right....the profitable Rail group must demand change- spin off the Gizmo to a new penny stock....let them ruin and drain it like they did to SIQ. Prove me wrong!