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  • siouxalum siouxalum Sep 26, 2012 1:52 AM Flag

    3rd quarter

    We are days away from the end of the 3rd quarter. Will Joe finally deliver some growth? I hope so but most of the signs say otherwise:

    1) the stock price is trading very near the 52 week low
    2) The biggest shareholder, VICIS capital, unloaded another 100K Sept. 10th
    3) There have been zero press releases announcing any new clients this year
    4) It has been over 1 month since the announced acquisition of Affinity VideoNet but no final confirmation; Why announce a deal that isn't imminent, what is the hold up?

    There may be 1 pearl of hope: Yahoo lists October 15th as the date of the earnings announcement. That is a Monday, much better than a Friday announcement and is it only 2 months after the last earnings call instead of the typical 3 months. Could they finally have something positive to report?

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