Looks very promising.
If you are so negative on this stock, why are you posting here? Did they fire you for incompetence; or are you just a sad little man.
Wish that was true! The Canadian government makes it extremely difficult for foreign investors to buy their companies -- especially BBRY; because BBRY has a super secure operating system that Canada does NOT want a foreign company to control.
I didn't fall for anything. I bought at $24.25/share. The rumor came out after I bought the stock. I asked if INTC or AMD might be the buyer. It could be Broadcom or another company, but two engineers who work in Israel told me that they thought EZCH might be a takeover target because they have great earnings; but the stock isn't responding. So the rumor was management was seeking a sale. As to your "rant," all I can say is it must suck for you to be short. Hopefully, you will lose every penny you have and become destitute. It couldn't happen to a more irritable guy!
Have you noticed that MYEC releases PR's late in the day when the markets are closed?
gsb214 and jakehoward298:
It's looks like that you both were blowing smoke out your #$%$ when I ask about a potential buyout of EZCH. Rumors were floating around the Street for weeks and in Israel. We'll see if there is any there there. But your posts seem totally off the mark.
A buy back doesn't help share price. It only increases cheap company owed shares, and MYEC will own just more of them. I agree that a RS isn't necessary immediately. But within the year, if the company is still a penny stock, it will be traded as such. I own 5 million shares. I'd just as soon have a real company trading at 2.50 and own 50,000 shares.
Ed and his board must either drastically reduce the number of outstanding shares and the float, or substantially reverse split the stock by at least 100:1. With 4 billion shares outstanding, the company would have to do $1 billion in sales to justify a $1/share price to get listed on the NASDAQ. This is not likely. But with only 40 million shares outstanding, and a listing at say $2.50/share, and being on the NASDAQ, the company would only have to do about $40 million in sales (very possible with growth) to justify it PPS. As a penny stock with so many shares, it will never be more than a day traded company.
I tried to link to it on this message board, but Yahoo doesn't allow it. Search for MYEC and Sacramento Business Journal and you can see the story. This type of news story could help this stock really pop!
I know several engineers who are concerned about losing their jobs if the company is sold.