No time to go through all of the posts. Saw a fair amount of gripes that Crossflo purchase was ill-advised. What did everyone expect exactly? We all should have known that this would not be "near break even" or on on the verge of being profitable, etc.
They would not have needed a cash infusion if that were the case. This is exactly as I had expected. A company firmly in the red with net loss carry forwards to offset the cash position of PTSC. Think about it! The Crossflo folks took a whole bunch of volatile stock in return for the equity ownership by PTSC of Crossflo. They had to roll the dice and partner up with Patriot or they would have had to have pulled the plug.
No big surprise here. I don't expect that the next Q for Crossflo will be much closer to profitability although I would expect a significant revenue % increase. That's all we should be hoping for next time around.