Comment on FS and Financings
posted on
Sep 07, 2011 02:39PM
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The long silence as to news from the company has come to a close with the filing of our mid term FS. We shall have more frequent and positive releases says the president in the near term future. I have been somewhat lacking in my responsibilities in keeping the bright white searchlight on our investment as a result but will endeavor to remedy that.starting presently.
Most critical to the company is the $1.2m brokered private placement currently underway after being delayed in favor of other priorities in front of the lead brokers who were expected to lead the placement. I hope to have a complete but unofficial ‘man on the street’ point of view of circumstance and status of the pp
A non brokered pp at 5c with a 2 year full warrant is currently available for both BC residents and others that fall into the ‘sophisticated investors and friends of the directors’ category. For details contact me at my private e address…pbawdy@yahoo.com or leave a message here at the website.
Just to comment on the mid year financial statements
Layman facts;
*an almost 100% increase in gross sales….1.65m as to 700k
*gross profit up 40%
*General and administrative up only 20%
*a loss on the statemernt id due only to the cost of subsidiary Clairtec’s developmental costs
You need not a designation as a financial Statement poohbah to figure this out. Sales have doubled reflecting acceptance and implementation of the Green savings offered by Airtest equipment in both new buildings and retrofit jobs alike. The small increase in admin costs evidences the companies’ streamlined cost effective no lard efficiency.
We are a long way from dividends but the x factor remains the development of our 100% owned revolutionary technologies. Clairtec has made 4 protoypes each of increasing better function and design according to marketcents information. Discussions continue with manufacture and distribution at a medium stage of evolution.
I will be back to my readers after a discussion with George Graham regarding where our financings stand…hopefully within a week or so depending on ease of access to the president and other sources
In the meantime hang in there and watch this exciting and profitable story as it begins to unfold.