<<At least you can't claim they have no product to sell anymore. And even you admit to $38 Million for the next year.>>
Add, when I claimed VLNC had no product for sale, I simply was repeating the official statements of the company. At the time, there were no products for sale and no products were sold.
My comment about $38 million in revenue over the next 12 months also directly relates to company statements. As Lev said (and as confirmed by Tickertype's transcript), they expect to have the capacity to support an annual sales rate of $76 million within the next 12 months. He did not project $76 million in revenue over the next 12 months (as Tickertype's transcript confirms).
The math is pretty simple. $76 million in annual sales equates to about $6 million per month. Starting at 0 sales and assuming a constant ramp up to $6 million per month results in $39 million in sales over the next 12 months. So, assuming Lev's forecast is correct, I think my $38 million projection is a reasonable estimate of revenue for the next 12 months. If Lev's forecast is conservative, $38 million might be a few million too low. If it is optimistic, $38 million might be too high. If you think I am too conservative, you can add the $233,000 of revenue they earned last quarter.
I don't see why I catch all this flack from you guys for simply reminding this thread what the company actually says. My reminders over the last year have all turned out to be correct, while all of the predictions of imminent contracts, comments about dated attorney disclaimers, and billion dollar revenue projections have been proven to be incorrect time after time.
I said last November that Lev's refusal to acknowledge they were sending production samples to OEM's was a red flag. This thread claimed major purchase orders were imminent. I said in December that the SEC filings indicated VLNC was nowhere close to mass production. This thread claimed the SEC filings were dated attorney disclaimers and I was rowing with one oar. I challenged FMK's projections of billions of annual revenue and this thread continued to ridicule. Pretty much every thing I have said has been proven to be 100% correct. But all I hear from this thread is crap. So be it. But the best measure of who has been correct is the stock price. I don't think too many people are worried about being able to buy the stock while it is still in single digits, as Fred repeatedly urged us to do before it is too late.
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