Don: We are talking the TRUTH about the process. You say: "look at the SEC Filings for increasing revenues/margin". You are correct. Now you need to look behind those numbers at the WHY. Why have ACII's revenues been increasing?!?! Well here's the four year history in a nutshell: they had zero per quarter until about three years ago when they started their T & A division, that brought in about $25k per quarter for two years. Then they acquired a machine shop last year, at great expense, which was already bringing in ~$2.5M a year. LACC, the entire reason for anyone (trader or investor) to be interested in this company has generated ~$100k total for the entire history of the company, all of that coming last quarter. We will see in the next few months how revenues are increasing to see if LACC is bringing in more.
When you read over the PR history of this company, listened to the interviews Marc has done over the years, it's plainly visible that the technology being touted as "revolutionary" is still UNPROVEN to generate the revenues the CEO claims it can. You can not debate that, it is simple fact that explains why ACII trades for $0.05 a share. And at some point, one must be concerned as to whether this is a VIABLE PROCESS capable of cranking out the large volumes needed to drastically increase revenues, especially given the history of these guys using shares the way they do. Anyone putting money into this right now is putting it purely on FAITH that they will land large contracts, they are gambling, IMO. I don't think anyone here wants a $3M/year machine shop that does $100k of LACC per quarter. Maybe I'm wrong, but I don't believe I am.
If you want to be content looking at SEC Filings and being happy with what will easily be minor quarter-to-quarter increases without an infusion of significant LACC revenues, so be it. If this company is going to make it LONG-TERM, they have to prove it with the process. So far, they have not. Once it's proven, then everything should take care of itself. A few years ago, Marc was telling everyone he expected this to be a $250M/year company in "a year or two". He's since scaled back and stated $100M in the next three years. I don't think KSI and continued small LACC orders will get them anywhere close to that. The longer it takes, the more new shares that will hit the market to pay down the debt. |
