been away for awhile after letting go of my shares in the low 2's........just checked in today to see how big a mistake i made and wow.......whats going on here seriously? ....this looked pretty promising at the first of this .year........does it have any potential to make a comeback or is it abandon ship?.....would like to hear from someone with some knowledge of the situation.....thanx
still heading down by selling from those that got in mostly based on patent litigation expectations. The patent and IP side has not gone anywhere except into a state of limbo for the time being, so most of the selling is bottom sellers that are not really knowledgeable about the core, or do not care about the core business which is growing at 15% - 20% per quarter (90+% per annum). The current share-price is very disconnected from the fundamentals of the core ad business.
The company in general is in pretty good shape with recent round of financing, a new CEO (Arena is gone), cost cutting measure to total $6mm, projection of CF positive by mid 2013, still zero debt, closing deals at a record pace, and in the right time at the right place for a market that is taking off, so do not expect the price to stay here long.
You were right about it still being promising, but the stock is broken for now, and the company is being punished for some of Arena's miscalculations/misstatements. We will heal soon, and be on a much better track than now.
I'm sure others will have a different perspective than what i have stated.