assuming one can have credence from it. SKS said three things w/ confidence: 1) We expect Q3 to be EBITDAS positive, 2) that total 2012 revs will hit $50M and 3) he's not going to reduce expenses.
Okay, what can we glean from that? Running the numbers Q3 would have to be ~$16M (EBITDAS B/E). So we should expect the 2012 4 Qs to look something like $7, 9.5, 16 17.5.
Alright, so how much will he need from the ATM for Q2 and 1st half of Q3? Q2 (Q1 A/R is down so w/ Q2 sales expected to be up by $2.5 Q2 A/R should increase ~$900K)(A/P delta s/b minimal)(cash @ eoQ1 is $2.25M, let's say they use half) cash needs would be ~$6.2M loss + $900K A/R delta - $1.2 cash reduction or $5.9M from ATM in Q2. Thus, sans any big news the stock price will be MIRED. That's 4.7M shares @ $1.25. Of course ICBW or off somewhat.
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