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Microcap & Penny Stocks : Microcap Potential Homeruns--Credible, and Reporting
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To: NAG1 who wrote (1016)5/17/2014 1:24:01 PM
From: Ted M  Read Replies (1) of 1056
 
Thanks Neal, I wish I had listened as it doesn't appear to have a replay available.

Looking the presentation over I have a few comments:

1. Nice level of transparency. Surprising degree. I really like the fact that they are filling us in on accomplishments, missed goals, and new goals. That's great to see.

2. Concerned they didn't pass UL 294. From April, 2011 PR, CEO quote " the entire family of Freedom bridges have passed UL and FCC certification testing so we are well positioned to aggressively pursue any US project.” That was over 3 years ago. So, what was the difference between then and now? Did he shed light on this issue? He mentions that while they plan to pass this quarter it is a risk. Why are they not passing?

3. Existing Hardware issues: "existing hardware issues won't resolve quickly". This also sounds problematic Did he go into detail?

4. Did he explain WHY he expects sales to increase later this year, and why not now? Did he talk about the 50 site project listed for US immigration slowing down more than expected? Did he say what the delay is? Is it really not having enough sales people? I worry Neal that this is more like IMSC than I want it to be, where sales are due more to certification and requirements than not having sales people.

5. Did he give any hint of the likelihood of large contracts?

I'm actually kind of bummed that profitability is not projected till year end..it was looking like they were nearly profitable in the 4th qtr last year, but now they have hired a bunch of people. I just hope that having more people is going to help -- because it SOUNDS like maybe a lot of the growth simply wont come unless they get some certifications that they still don't have.

Thanks!
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