I agree, if revenue does not seriously increase over the next 6 - 12 mths we will be looking at a CR at somewhere around current levels.
For what it's worth, I interpret the $68000 revenue as 1.3 units per day sold (WTF) this is really no better than the 3rd Qtr results and they have been making direct sales at the different conferences etc that they have been busily attending, and they launched in Europe and the US (although this was only in late June so their figures will only show in the next quarterly).
If you ask me the Global advertising company they have engage will be doing their best to drain the funds right out of our pockets while it lasts.
We were led to believe that this was the cheapest way to go, and to be honest I don't know so I really can't be to critical, but just looking at the results so far and I'm not jumping out of my chair.
I have also found the comment made in one of the recent media articles very interesting (as I was not able to attend any of the presentations) particularly the comment about the company name change.
IMO this would ONLY benefit the company (Not long term share holders) as they could restructure the share register with a conversion of 1 new share (in the newly named company) for every 5 shares currently held in ALT and complete a CR at the same time.
If they change their name to Pericoach, does this mean all the other, sorry "THE" other product is now defunct?
I must admit I'm very disappointed with the performance this year and IMO the last few announcements have done nothing except raise more questions about the ability of current management and inflict doubt and uncertainty into longterm shareholders as we watch our money disappear.
In addition to all this, what have the SALES Team been doing?
Cheers
ALT Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held