The BOD appear to have used a lot of tricks to downplay and obscure AVA financials. One of which was implying gross margins are 17%. They are not. That was one quarter. And it is significantly less than prior statements and guidance. Seeing all the other tricks the BOD have used I wouldn't be surprised if that insurance cost was somehow bundled or included future periods to inflate the number.
AVA has scalability, high % recurring revenue, gross margins much higher than 17% and was/is on the verge of making MSP cash flow positive, at 1x current revenue -- that makes MSP worth a lot more than $12m. If MSP had better representation, a BOD less related to FFT, the share price would be significantly higher and 4 for 1 would have been dismissed out of hand.
MSP Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
