I say no... there is no case and it is a waste of money. Trying Obama for being political makes more sense.
You could of and still can sell anytime you want.
u heard from 3 of them already. I have 3 screen names and most of the others r multiple screen names for 1 person
Let's hear from others who voiced their opinions, good or bad, on this board in the last 6 months:
I just can't imagine all these investors above are happy with the stock price.
Is bobo the only voice on this board? Although I do not disagree with bobo's opinion, I just can't believe that bobo is the only one who has an opinion about this ... unbelievable!!!
ur approach is wrong. I'm no fan of the current management because of the lack of transperancy but u can't blame them for everything that MLNK is suffering. They r doing something right and we don't know their future plans. A better approach is to file a complaint with SEC about their conflict of interest and keeping the information with insiders. My suggestion doesn't cost u anything and shareholders will not pay money for vulture attorneys. If ur goal not to enrich attorneys file w SEC it is free
I own VONAGE & Blackberry stocks and let me share with you as to how a leadership with different approach can turn the company around. First Vonage. Since their IPO $16/share, the stock has been on a decline for a long time. Recently they brought in an executive from GOOGLE and he started making purchases with cash on hand and look where they are now. Their revenue is growing and they continuously are purchasing other businesses to grow their presence. Another story is BlackBerry. This company has become virtually non relevant in cell phone market places in recent years. But they brought in a "Turn-around expert" as a new CEO and he saw a great potential in software market. He is focusing on growing revenue from software side (acknowledging that they can't compete against APPLE and SAMSUNG in phone hardware).
This is how you turn the company around.
At least we as shareholders need to make current management accountable.
I know there are many smart people who own MNLK stocks with the hope that someday and somehow this company will go back to where it used to be. I DO NOT THINK SO. It takes a visionary CEO to do that and I simply DO NOT SEE that in current management.
So who is out there who agrees with my accessment and willing to take these incompetent people to the court? I am not in favor of enriching attorneys. But we need to use an attorney to take them to court.
Let me ask you again (I know there are a lot out there who have followed this company since CMGI days).
Is there anyone who is interested in sharing legal cost to take this company to the trial? (I am talking about class action lawsuit)
one simple thing: steel partners and hnh paid around 4$ per share and they control yjos company. I don't think they r in it to lose money. The company has a pile of cash and NOL. But being controled by hedge fund has its disadvantages
When I was told by my friend about cmgi, that was when they were traded around $350-$400. Everything was ridiculously overpriced anyway back then. So by your own admission that you are going to increase your shares to 150K, you must really believe in the future of this this company. Please explain to me, if you don't mind, what you see that I and the street (sentiment reflected in current stock price/trend) don't see about this company.
i'm on this stock since cmgi days. I'm usually owner of 40,000 shares. I'll try to increase to 150000 shares if it drops after earnings. I can wait for a long time to get to my price target
I bought my shares where they were $22 (before reverse split) and also when it was above $5. I can't contribute this to anything else other than mismanagement by incompetent group of people. Smart management team will never sit on that kind of cash and take no action for so many years to increase the revenue.
Now I have shared where I come from, what leads you to believe that this company will be prosperous once again?
who pay for the law suit ?and what its impact on our invesyment f the company lose? who nenefit from the law suit other than attorneys? How much those attorneys r paying u to recruit
So no one on this board is interested in suing Modus Link for Company's mismanagement of Shareholders value? After seeing the stock price declining to $1.40 from $5? Are you serious?
WOW, you guys are either extremely patient & believe this company will be resurrected from ashes or completely gave up the hope and wrote off your loss already - which one is it?
Steel Partners has 31.5% of ownership in Modus Link. That is not the majority. Who is this HnH? Are they Handy & Harman Ltd?