O/S: 52 M (as of June 9th, 2006) Gross Profit: 16 M$ (for 2006)
Profit/share: 0.307
PPS: 0.009
PPS/Profit: 0.03
MMs' manipulation is clear.
Don't sell your shares for cheap. Get the capital out, and let the rest ride.
Good luck.
***** Our gross profit was $16,163,879 for fiscal 2006 versus our gross loss of ($234,146) for fiscal 2005, an increase of $16,398,025. The increase in gross profit for fiscal 2006 is primarily the result of increased revenue and gross profit margins of products sold.
Our gross profit percentage for fiscal 2006 was 63.3%, as compared to (2.1%) for fiscal 2005. Our gross profit percentage for fiscal 2006 was higher due to the relatively higher gross profit percentage we realized on our direct response sales that have comprised the majority of our net sales this fiscal year. For fiscal 2005, we realized low gross margins from our sales of our excess inventory to specialty retailers at reduced prices, including sales of products at below our cost. In addition, our gross profits in those periods were reduced for the write down of inventory to estimated market value, when such value was below cost.
Posted by JimSC on :