Revenues of 1.2m net cash loss of 3.2m for the quarter. Report more about selling the story than any particularly ground breaking results though revenue growth is strong. If the strategy can be executed and sales continue to get traction there can be a snowball effect on revenue and growth with huge upside. That's what we are all hoping for....
If not, then they will be out of cash by the end of the year asking for more investment.
Honestly for me this company is still a coin toss whether or not they will succeed. I love their product and vision, it will all come down to execution. We won't truly know until at least the end of the year if not next year would be my guess.
I'm in for only a couple of grand around this 50c mark and will be comfortable at that level to watch and wait
Good luck all
FZO Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
