Fred, you of course maybe right, but one could reverse the logic and say, with 150 "active target accounts", by now we should have closed at least 15 of these, but the last order was no more than a repeat from an existing account. This indicates to me that there is not sufficient effort in the marketing and sales department, or that the target accounts are reluctant, at this time, to change technological horses.
When I jumped in last November, I expected a crescendo of new orders. I am quite surprised (and dismayed) that so little has been disclosed so far by the company just four and apart of one $15 MM PO, the others are measly small orders.
Maybe, these facts (or at least, perceived facts) have something to do with the current weakness. One think should be clear to anyone owning this stock, if visibility of reaching some modicum of positive cash flow within a "rational" time horizon does not appear soon, the dreaded single digits could surely reappear.
Zeev |
