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Crexendo, AŞ Common Stock Message Board

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  • kuhnbo2010 kuhnbo2010 Jun 15, 2012 12:00 AM Flag

    Investor Village Posters

    Mr M may have been successful at Intertel, but EXE has been a dog with fleas for several years. Mr M owns 4.4+ million shares. And what is his basis? Success at Intertel does not guarantee EXE's future will be bright. EXE has only recently taken the necessary steps to position the company for longer term growth. I would argue that Mr M did not terminate the legacy business in a timely manner and spent millions of dollars focused on a business that had collapsed. Selling web builder tools to the indigent isn't a sustainable business model.

    Time will tell if EXE will succeed or fail. The most positive metric is the reassembling of the old Intertel R&D team. The most negative is the lack of sales force momentum.

    Is the company worth 40 million dollars. No way. So, Its impressive that Mr M is a visionary and believes the value will exceed 40 million in the future. If this were a startup, $20/25 mil max. R&D team and a green sales force.

    I would like to buy this stock in the 2 dollar range. I will be patient.

    I have friends that love this name and showed it to me. I have discussed my analysis with them. The jockey is smart, but the horse has a broken leg.

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