Q: I know you guys are not warm and fuzzy about these guys and don't follow them anymore, but for some reason I find them, let's say, "interesting". Their CIRO trading halt order is a week and a half old now with no news. This is obviously due to their late filings. It's either going to be really good or really bad. Do you have a wild guess and opinion?
5i Research Answer:
We have a general rule that the longer news takes, the worse it is. The company has a long history of promising a lot and not delivering. Revenue was 'supposed' to be $2M a month but the last quarter had $1.8M total. It has been a very long time since that filing, however. With the CEO resigning we would not give good odds that the news is going to be at all good.