Many view this latest offering as a negative event...I do NOT.
1.) Arena is gone. He had some positive traits, but fiscal management was clearly not one of them. He should not have run the company into a negative cash burn situation. Let's keep in mind if the IP financing deal had gone through Arena would have been a hero. The last-minute Yahoo ruling apparently dashed the deal at the 11th hour, but the subsequent AOL deal quickly bolstered our IP position. Had the IP financing deal gone through Arena would still be at the helm, which means all of the associated overhead related to Arena's operation would have continued and we would have been back here again at some point in the future.
2.) Hussey is in charge. Clearly a VERY different management style to Arena's. Pays strict attention to operating costs and is decisive and not afraid to pull the trigger. If Arena's shooting off his mouth on the last conference call and elsewhere, coupled with poor fiscal management led to Hussey being in charge, I am grateful because we have a much better Captain now.
3.) We now have the cash we need as we transition to cash flow positive status. I believe this will be the FINAL dilutive offering because management is very deliberately reducing overhead and continuing to increase sales at a dramatic rate quarter over quarter. I have often been critical of the excessive SG&A expenses, but I finally feel we have that issue under control. Further detailed reporting will quantify my assertion.
I believe we had to sacrifice the tip of a finger (with this offering) to save the entire arm. We are in the absolute best position we have ever been in as shareholders. The company now has adequate financing, sound fiscal management, and most importantly a very robust business. Keep your eye out for much larger transactions being signed while we await IP litigation advances. I have always contended we will be acquired within the next 12 months and feel more strongly about that than ever before. I am not sure what the acquisition price per share will be, so I am certainly taking advantage to dramatically average down my price per share. I am now under $1.00 per share on average and am grateful to have had the opportunity to do so.
This is not a question of IF...it is a matter of WHEN. I believe that WHEN is closer than one might think.
Sentiment: Strong Buy
oh oh ems....you sounding like a pumper! lol.... don't let the loom and gloom stooges catch you here saying its not matter IF but When because that indicates that you have the vision and can see the forest and NOT the freaking tree!!! lol....right on man. In fact the 3 thumbs down on ANY POSITIVE REVIEW HERE is FLYER, Spaghetti and his alias TrueNOballs! lol. Pay a attention to that its the case more most positive review here.
Sentiment: Strong Buy
Well written. Wait till you hear Bob on the conference call and when he gets out on the street with the company now stabalized. He'll build it, make it profitable and then he'll sell it at a nice price, that's what he does. Anyone who knows him or of his reputation would have been backing up the truck today.
How does one NOT view a loss of 25% as a negative event??? Some lost 50% depoending on where they entered. In 7 hours. You can't pretend this is not a negative event with any logic. Your note is pig lipstick
I think you got it timbo.Now that what needed to be done is done,We can start moving on and if any large contracts are signed it should start moving up to where it should be.
By year end I think you could see 2.00 to 3.00 again easy!jmho
Now they can also start putting out forward looking news and material news which they couldn't during the offering period. Maybe we get some good stuff next week. You know the new ceo won't be sitting on his rear end all weekend. This guy moves with authority.
the only way this company gets bought out is if someone offers us MORE than what we think it is. I am sure a lot of people inside the company think the patents are worth hundreds of millions if not billions of dollars. I don't think we take an offer of 8 or 9 dollars. I just don't see that happening.
I bought this stock expecting it to hit $15+ by year end because of the Yahoo and AOL trial, when those two are still in the process, I wouldn't be happy with anything below $10, but now, $8 is a god send, I will vote yes with both my hands and feet if that happens.
I'm pretty sure the company would jump at an offer of 8-9 dollars as would just about every shareholder under the sun here, but you won't have to worry about making any shareholder decisions about that anytime soon
Like I said; we're closer than ever to the elusive "profitability" and stabilization of stock valuations.
For a realistic perspective, we must face forward and understand the rear view mirror serves as a reminder of where we have been thus far.
Now, leave "old baggage" behind and get on board cuz the "train is leaving the station"