Can someone please check if my naivety is showing?
In the investor webinar, statements like:-
a. Revenue coming this quarter and next...
b. Order of magnitude, and step change
c. Costs are being lowered...
No statements of increased costs associated with the impending revenue (?), meaning it should largely go straight to the bottom line.
The presentation was the end of August, ie 2/3 of the way through the quarter. Ben must have known that the above statements were true, or he could be in trouble for making them. It doesnt mean, "a little bit this quarter, and a lot next quarter", does it?
Either the wool is being completely pulled over my eyes, or I simply see value where others see "heard it before" statements. If I am right then the chances to buy this stock close to 1c are fast running out. If I am wrong then I am going to make a stink about misleading statements by the management.
What am I missing?
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