I am actually LONG CPST, and Malanthus, until CPST announces how much they have made from the equity sale, they only have what is reported on their latest 10-Q as cash on hand. How do we know if anyone even bought it? Or how do we know if they did better than expected? Simple, we don't. And until IR announces how the equity sale went, saying anything other than what has been reported is simply a lie. He could have said 32 mil. + an expected 29 mil from the equity sale, but he did not.
So the 20 million in current liabilities isn't a debt. Seesh get your facts straight. You say it's undervalued, but you don't say how or why. Instead you quote some analysts who probably have positions in this stock. I do have a position, but at least I can read a 10-Q
When the facts are that CPST has no LONG TERM debt and actually has 32.667 CASH, the rest is in Inventories, Prepaid expenses, and accounts receivable.
Ask any accountant and they will tell you that cash does not equal inventories, prepaid expenses, or account receivable, and that there is a reason they are separated on the balance sheet.
For those that are really serious about CPST, please AT LEAST read the 10-Q. Jeremy, I think you might want to read this too
Analysts See Value In CPST [View article]
Notice, the editor FIXED what I said was wrong.
Thanks.
Analysts See Value In CPST [View article]
When the facts are that CPST has no LONG TERM debt and actually has 32.667 CASH, the rest is in Inventories, Prepaid expenses, and accounts receivable.
Ask any accountant and they will tell you that cash does not equal inventories, prepaid expenses, or account receivable, and that there is a reason they are separated on the balance sheet.
For those that are really serious about CPST, please AT LEAST read the 10-Q. Jeremy, I think you might want to read this too
www.sec.gov/Archives/e...