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Technology Stocks : AmeriChip International, Inc. No Pumpers/Bashers
ACII 25.39-0.1%10:17 AM EDT

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From: BarclayDonaldson7/16/2007 4:17:34 PM
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10Q out.

As of July 16, 2007, 938,383,750 shares of $.001 par value common stock were outstanding

I think it's quite clear WHY they are doing the R/S, they have no more shares to S8 thanks to Walther & Co taking 235M shares for themselves earlier this year. Those who speculate they are timing it because they have big contracts are deluding themselves, IMO....

Now it's time to take a look at Marc's big prediction for 2007 KSI revenues. When KSI deal closed this past February, the following revenue estimate was stated in a PR:

"Mr. Walther the CEO stated that the sales for the fiscal year 2007 of KSI Machine & Engineering are projected to be $5.8 million with gross profit of $2.5 million.

The 10Q shows quarterly revenues at $628,198, which *includes* the T&A division. So the ACTUAL KSI SALES are *lower* than the PROJECTED GROSS PROFIT As usual, yet another gross Walther OVER-TOUT in a 4-year string of over-touts. This still doesn't top the "verbal PO with paper copy to follow" PR issued in May 2004, though. LOL!!
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