RGS Energy - We Were Right, Sales Are Surging [Seeking Alpha]
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RGS Energy - We Were Right, Sales Are Surging Note: OTC:RGSE RGS Energy reported amazing results for the second 30 days of Q2. The report was per the CEO’s promise to report the full details of sales every 30 days for the benefit of shareholders – an exceedingly rare form of transparency. In our prior article, we predicted that the company was set to profit The Numbers – Set to Profit While we were confident that the company would report increases in sales, we were not expecting a whopping 2,208.6% surge in purchase orders. Specifically, in its June 17, 2019 Business Update We reaffirm our prior conclusion that the company's sales preclude any need for further issuance of common stock and dilution. This is because the Update shows that RGS' breakeven amount (the cost to keep the lights on) is $2,375,000 per month. As noted, their sales now almost double that amount. In our prior article, we calculated the breakeven amount as a lower amount – $1.95 million – based on RGS' historical co
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