Re: September Assays posted, but trading not kosher
in response to
by
posted on
Oct 26, 2011 11:17AM
(Edit this Message from the "Fast Facts" Section)
Well, they said they would ship in October, but that they would announce details after they got the payment. That could push the PR back a while- maybe 2 days for shipping, 2 days for refining and assaying, 2 days to receive payment, etc. That might push it into the second week in November. I've learned not to rely on what the PRs say they will do, and to interpret what they say they have done very carefully, so I'm not holding my breath. However, even the latest date should bring us a PR about revenues before the next 10Q comes out mid-November. It's crucial to get news of revenue before another Q showing no revenue last quarter. I just hope that they ship and specify a substantial amount rather than ship a small "test" batch and say that a "larger" shipment will follow "soon". The iscum bashers would jump all over that.
The share buyback should follow the revenue announcement fairly closely. I'm not sure on the time frame (does anyone else have an idea?), but if they can start buying ~200k shares a day it should goose the share price quite a bit...