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Technology Stocks : ACII - AmeriChip International, Inc -- Ignore unavailable to you. Want to Upgrade?


To: nwest who wrote (1283)2/29/2008 5:25:58 PM
From: BarclayDonaldson  Respond to of 2396
 
nwest: Good point.

If by the middle of the year they don't have the "big" order, or orders from the two big companies they've been hyping lately, I think that will be the final straw for most people posting. They are allegedly progressing based on recent PRs, that progress either has to result in larger contracts they've led us to believe are possible with this technology. If not, there won't be many left to sell shares to, and all indications are they'll still be selling them.

We'll see in mid-April how revs have picked up (and if those EDI numbers PRd were in addition to the $1.25M guidance). We'll also see how many more shares they unloaded in a month-and-half. That might be a good time for re-evaluation. I don't think people should throw in the towel on this just yet, as you said the numbers came in very close to what was expected (although what was expected share count wise was not pleasing to begin with).



To: nwest who wrote (1283)3/1/2008 4:22:52 AM
From: rhoshariasha  Respond to of 2396
 
This may shed a little on why people are freaking out. This is from post #355:
"Since LACC is now generating revenue, David Howard must be paid according to the original agreement made in 2003. It appears that the majority of dilution this quarter was used to pay David Howard his royalty for the past four years. It has not been used for operating expenses, like the dilution via S8 that we've seen the past couple of years. This looks like a one time thing to clean up four years of no LACC revenue. It still looks like the $10k monthly royalty fee must be paid, that should be manageable now that revenue is coming in."
And also from the same post:
"From the end of 3Q (8/31/07) thru 10/15/07, it looks like ~5M shares have been issued to take the O/S to 160M, we won't see what those 5M were for until the 10K."
This guy that posted on R.B. about the CAT contract and the o/s count was close on both, but still not 100%, so I don't put 100% of faith in his/her posts.
What is the excuse for giving out about $1,600,000.00 worth of shares? Is there no income being generated by LACC?
What will be the excuse if they do it again? They left the profits on a table and the dog ate them, so they had to shell out more shares?
Shane