D1G1T
12 years ago
http://www.marketwire.com/press-release/image-metrics-reports-select-financial-results-the-first-nine-months-of-2012-1699563.htm
"...the Company successfully converted $9.5 million of senior preferred secured debt into 3.3 million shares of its convertible Series B preferred stock..."
Yes it's dilution, but dilution at $2.88 per share which would value the company at $62.2 million.
"As a result, the balance sheet as of June 30, 2012, had total liabilities of $1.5 million compared to $12.6 million at Sept. 30, 2011."
They have nearly eliminated all of their debt. Profitability is just around the corner...
"Revenues in the nine-month period ended June 30, 2012, included $1.2 million from the sale of a patent."
I would like to know what patent they sold...