You're absolutely correct as we've discussed... unfortunately, our major stockholder/CEO and the management team, not to mention the Board, are apparently happy with this unacceptable track record. Or at least, we've not heard anything to the contrary from them...
Obviously, I'm praying that Motto adopts a new MOTTO... "Target 15/20/25 ASAP"... 15% revenue growth, 20% net earnings as a % of sales and 25% return on stockholders' equity with ASAP no latter than FY2003! Major steps must be taken now to move us in this direction... subject for annual meeting!
A sort of lifestyle the dividend provides for Motto insulates him from a dismal stock performance this company has turned in. The #2 executive owns no stock, a smart move. The only wake up call will be when the next secondary issue does not raise enough capital to support their plans.
If your targets were achieved the stock would be worth 4 times todays price.
At last year's annual meeting, Motto raised hell with investors who were driving the price of technology stocks to ever new highs while value stocks continued in a very depre$$ed state... he referred to KITS as a prime example of a grossly undervalued stock!
Well Mr. Motto, your baby is even more undervalued by your line of thinking... it's now time to focus on the real i$$ues and get out of your dream world... TARGET 15/20/25 ASAP... repeat after me... TARGET 15/20/25 ASAP, TARGET 15/20/25 ASAP, TARGET 15/20/25 ASAP, TARGET 15/20/25 ASAP... got it now?