@bridog according to my notes they are burning circa $3M a quarter with revenue of circa $2M in the same period. $12.7M in the bank. If I remember much of the expenses are marketing. So a CR is definitely in the offing unless they do something to reduce costs.
Its going to be a long haul to make some profit and shareholders I suspect will continue to pay for that especially as LAA has inherited some of the negativity thrown at ICQ in the past few months. Said it before, LAA is a better mid term bet that ICQ IMO but neither is going anywhere fast in the next year or so. I'm holding a little and will continue to do so. Down but have time on my hands. Buying for 18-20 seems decent for a stock that is a possible 40c in say (sticks neck out) three years?
Always the optimist.
LAA Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
