I was one of the ones that sold most of my shares today at a significant loss. I think that the share price will end up in the forties within the next couple of weeks.
My major concern is that cash inflow is not keeping up with revenues. $127 million in booked revenue last year, but only $41 million of this came in the door.
One would think that some of the $85 million outstanding would have come in the door in the last quarter, yet the amount of cash coming in actually fell from the previous quarter.
Purchases of inventory also fell, which is also a worrying sign. There was also no mention of revenue in the report for the last quarter, which has been mentioned in previous quarters.
something is seriously wrong here!
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I was one of the ones that sold most of my shares today at a...
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