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TM, IMHO, this board looks like a bit of a lovefest for TPRO. (I'm not making any judgment here about anyone's individual comments; just overall). I'd love to jump into this stock, but in past experience I've seen a stock like this get whipped up into an emotional frenzy on boards like this, and now I question if this is truly a breakthrough company, or a me-too company. (I'm just trying to be appropriately skeptical.) Can anyone tell me what the number 1,2, and 3 challenges are for TPRO to succeed in the next 12 months? Who is their biggest competitor? In buying up all the small players, are they going to get over-leveraged? Are they a takeover candidate? Now, on the financial info side of the equation, this company is very much in a start-up mode, with some cash problems. The Quick Ratio (cash and cash equivalents divided by current liabilities) is dismal. In addition to their current liabilities of 15 mill, they have another 5.5 mill in long term debt. They have convertible debentures that will create AT LEAST another 10% dilution of stock, and it is questionable if they have enough operating capital to exist without more private placements at low stock valuation (their last two convertible debentures were done at a conversion price of $1.50 per share, one of which was renegotiated down from $2.25). From a financial standpoint, I think I just answered one of my questions: they are indeed over-leveraged. Is anyone else in here commenting on the financial health of this company? Or is everyone focusing on their revenue growth only? By my reading, this company is very much "in the woods" financially. Someone tell me why this stock is not being dangerously overhyped? |
