As Deepthroat said during Watergate, "Don't get
distracted. Follow the money."
Don't miss what's
really important about the latest CICI announcement.
It's not that Sassower has instructed Jim Dao to stop
selling his shares. It's that CICI has finally put an end
to the cash flow that was feeding the China
"efforts". Look there and follow the money trail for the
last several years. Who managed it and what was the
True, CICI has no marketing efforts to speak of, but do
they have any products worthy of a marketing effort to
begin with? Handwriter is gone, MacWriter is gone. Jot
is an OEM product.
The key to CICI's future
is a marekting effort within the channel they
operate it. To create a branding of the CICI name for
recognition software. The internet is the future -- to
provide the banking and financial industries verifiable
electronic signatures on secure
What did all that lead to and where is the cash that
went to fund the R&D there?
Until the fat lady sings, I am in to the bitter
end; hopefully,it will not be bitter; or better
Profits will be sooner rather than later and more rather
than less. Seems I've heard that somewhere before.
You sound really down. read the Starr report, it
will really perk you up (pun
Seriously, Dao must have sold for personal financial
3rd qtr almost over, lets see what happens. Just
could beeee good news for a change.
Chapter 7 and total liquidation of what little is
- There is a minimal marketing plan;
- There is
almost zero distribution of what little products are
- Management makes deals that
consumers don't seem to care about;
- The equity in the
company is dwindling;
- Losses continue to mount
A continuation of "Next quarter will be the big
- Asian markets with little capital to invest in
these products (once the great dream of CIC
shareholders - Here comes China)
Top Brass is selling before it is too
Well guess what....
It is already too late;
this company is cooked (probably it's books also).
Mr Dao was with the company and he wasnt able to
control costs , thus never a profit. Now he is using
money from sales of cici stock to live off .You couldnt
have been more right Vaalie.
Waiting for the
next few quarters!
Re: <<When a man of Mr. Doa's capacity with
CIC sells $1.2 million share of the stock, that is
Well, Jim was in charge and the company was about to go
under when Phil Sassower just a few short years ago. My
impression is that Jim Dao was more of a scientist than a
business man -- too much went into R&D and not enough into
getting a product to market. FWIW, I hear that the number
of shares owned before the recent selling was 4
million. He sold the shares to Sassower for 15/16. And, he
sold because he needed the money.
Perhaps you can post the link or article so
others can read it. It would be helpful.
Wall Street Journal has a very positive article on
RexPro, a Palm Pilot competitor. The article is on Page 1
of Section B; although there is no handwriting
recognition software mentioned, the RexPro is the size of a
credit card, is used for scheduling and contact database
and can easily be linked with a PC.