that's the problem, flank. buyers won't buy without a better bargain price on the pps. potential buyers don't like these prices, they insist on a more realistic lower valuation. you have to be an idiot to buy this company at these prices.
And a company with a P/E of 7 and 0.4-times-revenues and multi-year track record of 31% CAGR is extreme undervalued, when there is additional a great momentum:
•Multi-year traffic growth
•Organic traffic is low cost/high margin – at record levels
•Mobile traffic at record levels – still figuring out monetization, but we think we have key IP
too bad the company's operating margins are going down the toilet right now, they are bleeding cash hand over fist, and they only have a few months of cash left. that must be a tough pill to swallow. in fact, it obviously is, since you can't seem to swallow it.
gee Flank, you know so much, how about answering a few simple quetions
1. You say in 2008 you started your position at $3.40, but only held the stock 3 years, but you have to go back to 2002 to find ICGE's stock price at $3.40.
2. You said in 2011 you still owned 10,000 shares of ICGE and you weren't going to sell them until it hit $25, this is 3 years after you said you had 20,000 shares that you said you only held for 3 years.
3. You said you wouldn't sell your 10,000 shares until the stock hit $25 but you say now you own 3,400 shares and the stock hasn't seen $25 since 2000.
4. You said you wouldn't buy more than 25,000 shares of LOCM yet now you say you own 70,650 shares.
Which of your lies are we supposed to believe? Do you ever tell the truth? We know your valuations are always off by a factor of at least 2 are you that bad with historical facts as well?