Maybe if CYIO issues another press release, we can then look forward to another clarification clarifying that one.
As long as they have the semi-competent people at Rockport writing the releases, I don't expect anything to be either clear or understandable. The best hope is to ask the CEO some direct questions on the conference call. Here's one:
Is it the case that the $4.5 million in projected revenues for 2009 does not include any revenues from the FBI contract award, either because (i) it is not possible to quantify those revenues at this time, or (ii) the FBI has requested that you not do so?
Here's another:
Please explain how you derive your estimate of .16 to .21 in earnings per share for calendar year 2009. Sixteen cents per share on approximately 26 million shares outstanding would be $4,160,000 in PROFIT, which is obviously not possible with revenues of $4.5 million.
If the .16 to .21 in earnings per share is actually referring to quarterly RUN RATE by the end of 2009, SAY SO. That equates to earnings of at least .04 per share in the fourth quarter of 2009, or $1,040,000 in PROFIT for the quarter based on 26 million shares. Is that, perhaps, what the horrendous press release was attempting to convey? |
