This is the same link provided in the Feb 5 RedChip announcement. Walt again indicated that he is still working on acquisitions... We just have to wait to see how this all comes together. You can be certain that Walt will spend the money in the best interest of the share holders.
The mention during this RedChip meeting re: acquisitions was fleeting/curt and almost polite. The mention during the CC was passionate, confident and steadfast....now we're into Feb (past the original Dec/Jan mentioned timeline).
(Dick I'm long on this, but disappointed with the non-news) g
I have found myself in leadership postions where people ask the same questions, over and over again, and you give the same answer, over and over again...
After awhile it get's both fatiguing and eventually frustrating. Walt has said repeatedly that they are working on the same aquistions, they are taking longer, and if the deals go south they will walk away and look for others. He wouldn't aquire unless it brings immediate profit to the organization.
I'm not sure what else he can tell us. He can't say what they are working on specifically. He surely isn't going to articualte what the delay is, and if he is smart he would never give the "walk away" point up in a public forum.
So the bottom line is that we either trust him, or we don't. We either believe he is going to spend the 5M wisely, or he isn't. And the truth is it doesn't really matter if it is the two targeted companies, or an as yet unheard of one.
The issue is, will he build the business and make more money with the 5M. I base my future prediction on his past performance. If you look at year over year shareholder value that question is clearly answered.