Another week has passed and we still have no more clarity on future revenues. The stock continues to set 52 week lows and there is no reason to believe this will change. The only thing mgmt accomplished was giving away 3,800 to a new director. No sales, no patent sales...I have started to focus my concerns onto IR. I hope the message is getting to mgmt loud and clear. Their results are not acceptable. There is no way to reconcile 150% of base pay bonus to Merritt for 2012 with EPS going from 1.94 in 2011 to 1.38 in 2012 and then 1.03 in 2013.
If we don't set a new 52 week low today, we will set it next week for sure. The share price is but the symptom. The problem is the lack of confidence in mgmt as the result of the failed SA, no patent sales, or any significant license renewals. Its time for a change. Merritt has failed us.