"We will definitely have a revenue stream in the December quarter" - those are MY words based on my reply from the company. My question to the company was along the lines of 'we have heard what you have said would happen this quarter, but we have heard nothing since and the market is concerned about what has actually happened' but somewhat longer than that. I have quoted most of the reply but left out a few bits referring to 'social media' etc.
I have no access to the PLS financials so it is impossible for me to say whether there will be a profit this quarter, but I expect the answer is NO. Nevertheless, the revenue stream look like it will be substantial and a move into profitability should not be far off. The main thing is that we have a strong enough capital position to meet the intervening strain, including any special costs like POSCO.
PLS Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
(20min delay)