Question-and-Answer Session
Operator
(Operator Instructions). And the first question comes from the line of Mr. [Ron Pintado] Please proceed.
Unidentified Analyst
[Ron Pintadi].
A. Douglas Belanger
Hello, go ahead.
Unidentified Analyst
Hi, how are you?
A. Douglas Belanger
Well, a little bit long.
Unidentified Analyst
I’ve just bought the stock of your company here a couple of weeks ago. So I don’t know much about what’s going on. Have you got prospects in the United States if you’re looking at possibly or any other friendly country?
A. Douglas Belanger
Yes, I mean, primarily, well, we would look at anything almost anywhere. We do have some priorities and in terms of regions North and South America obviously less floutingly intense countries, Canada, the United States, Mexico, Peru, Brazil, Chile are obvious candidates.
Unidentified Analyst
Nothing that’s coming close to saying yeah, no that sounds something really good.
A. Douglas Belanger
No, I really I can’t comment, because sometimes on these things, you don't think something will happen and then it happens very quickly other things take a long time to develop. So it’s a kind of one of those things when it happens, it happens. Most of the time, the situation is we don’t go in to the situations where we are dealing purely with public information, pretty much every thing we look at. We agree to a confidentiality agreement, which are using close to standstill at some kind. So we are not going to make hostile bid on any of these people. We would like what we see. We try to work something out. So we are that way, if we do make an investment, we are making an investment from knowledge as opposed to just relying on public information.
Unidentified Analyst
The estimates that if you are going to lose $0.04 a share and did I hear you right saying that you only actually loss of $0.01 a share?
A. Douglas Belanger
Yeah, that’s correct. Primarily because we had an investment, we made $1.8 million on. And so that part of some revenue and then of course we’ve been on substantial cost cutting and we did cut from the first and second quarter of last year to the second quarter of this year, we’ve cut expenses by about 50%.
Unidentified Analyst
All right. Thank you very much.
A. Douglas Belanger
Okay.
Operator
And the next question comes from the line of Mr. Scott Newhall. Please proceed.
- To read the full transcript on Seeking Alpha, click here »
