Good i hope they go bk from it, there close enough at .25 a share - i for one will sign up for any class action - authentic guard what a scam
As part of the effort to reduce corporate expenses, the Company has brought its investor relations function in-house and has discontinued quarterly conference calls for the foreseeable future. Going forward the company will issue press releases reporting quarterly and annual earnings but will not hold investor conference calls.
This is your biggest fear as CEO of a publicly held company. Here's why.
It's entirely unlikely that they will get convicted. It rarely happens. Disgruntled shareholders are a dime a dozen. This stock has been a terrible performer so maybe the case may be a little stronger but these guys paying fines or going to jail are unlikely. They probably have an insurance policy to cover this stuff too so its a relatively low risk.
What could well happen though is the suit forces these yahoos to disclose a lot more detail into their actual company performance. Just wait till the smoke and mirrors they've gotten away with is disclosed. Wait till you learn how much revenue is behind the big announcements (like that Joke they call Authentiguard).And what their packaging production really is. Let's not forget they have to pay to defend themselves. There's no contingency case that a lawyer would take for this case.
Bottom line this is a really bad thing for this company no matter how you spin it. Most companies would just brush this off but it could impact DSS in a ton of really significant ways.
Milkmans kids friend who runs an extremely successful lemonade stand stated that some of the Cases that have been tossed will be re-reviewed and DSS will be declared the winner, raking in Billions $$$$.
Contact me if you're interested in a beach house that's for sale in Colorado...
This is one world-class ugly chart going for DSS right now, not sure when it turns.
The last time MEA did an equity offering it was for a very small amount around a few million dollars. This indicates that they have ready access to capital if they need it, but they don't need a lot of funding as there core business is basically close to EBITDA positive.
They have 8 Million in debt on 16Million in revenue and 20Million in equity. Ratios are toast but thats not a good measure of this company. The only thing you can consider is how long till profitability. Based on current cost structure and revenue growth:
1. How much revenue do they need to make a profit
2. Can they fund it with borrowed cash
3. Who will give them this cash
4. What's it worth to everyone to hang on
The odds are low. You are right you never know but the stock seems to indicate what the Street calls capitulation. Anyone know anything showing otherwise? I'd love to hear it.
Anything is possible, but they have no debt, and incredibly strong patent portfolio. My guess is just a large fund liquidating.
Usually the street telegraphs reality. The steady sinking suggests we are about to get some really bad news. No idea how long these guys can limp along begging for cash to keep it floating but the stock seems to be telling us the end is near.
Anyone know anything relevant? Insiders? anything?