Maybe one time write offs? Hard to imagine any other way you could lose 160 million on 180 million in sales.
If you have a dollar in sales, and $160 million in fixed and (somewhat) variable overhead expenses, like salaries, pension expenses, office rent, depreciation, etc., etc., it's pretty easy to lose any amount of money, having nothing to do with your sales volume.
"What drives man to create is the compulsion to, just once in his life, comprehend and record the pure, unadorned, unvarnished truth. Not some of it; all of it."
Not sure what CGW meant either, I hope he meant it as a positive thing, but who knows.
I believe when one multiplies the existing shares (271.9m) by the close $0.51, the company (in bankruptry no less), and compare it to yesteday (271.9 mill x $0.40) increased market cap by $30 million. Not a bad sign. Sure the company is a low stock, but those two patents are in theory worth $30 million (to traders)....maybe the patent sale will be good, there are 1,100 patents....
Last edited by zsas; 08-02-2012 at 10:07 PM. Click to view previous post history.
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