Dude, you are scratching the barrel for reasons, digging up junk from years ago. The pattern is clear here....they announce earnings, the stock goes up for a couple weeks, then slowly sinks back to a dismal level again. The "upside" is $1.50, the "floor is $1.00 during a quarter. What do you think a Breakout is, $1.75, $2.00? If you think there's a $3 potential long term, you are delusional.
Well, Mory is finally 100% out and moved on. What do you guys read into 3 director resignations in the past few months and no replacements? Must be a very quiet board meeting these days. Only the sound of one hand clapping???
Or, one could say that they have the same product that could be used in 2 market applications that they gave different marketing names to to sound like new products....and also argue that part of the failure thus far of the enterprise strategy is that the products are, in reality, Telco products re-packaged as opposed to a true enterprise company like Cisco or Juniper.
I go to old school, dude! I was merely pointing to what mahorjack was commenting, that the cash number may be vaporware if it includes the loan they exercised that has to be re-paid. It make them pretty broke in real terms. Or, did you go to the Bernie Madhoff school of economics???
I think they exercised the $10M line of credit from Wells Fargo some time ago. That may be included in their cash, as well as be listed as a liability (debt). But I am old, and my memory fades...
I don't disagree with your comments. I would add that the down trend in revenues the past couple quarters is a concern as you can only cut back so much and, while they have managed the cost line well thus far they have yet to demonstrate their new enterprise strategy is a growth strategy. Second, the low level of cash provides little back up and let's face it, they are operating on a shoestring these days. I still view this as a bad bet in the long term.
Hmmm....? How about $23 M revenues, cost cutting reducing OPEX by .8M from prev. Q, which makes loss based on 35% margins $1.7 M. Cash on hand goes down to $9 M or so.
Yup, big business with a private school in highly populated Alaska. I hear scraping of the spoon at the bottom of the barrel...
2 good days in a row! Begs the question: If the stock rises 50% in 2 days on no news, what would it do if there was some positive results or successes? I keep feeling like I'm watching Trump's poll numbers.
Came pretty close to $2. The trouble with breakouts is the criminal usually gets caught and locked back up again - which seems to be trending at market close today.
Maybe so, but someone has made a quick profit if they had bought when it was a buck or less. The rally is sure helping Mory and Kirk sell their options, so it is a really happy new year for them.
The fear is not de-listing....The fear now is that customers/potential customers who consider a vendors' financial viability decide not to purchase from Zhone because of the risk they could fail financially. We will see when Q4 results are announced if business has fallen off because of this.
....That this stock was over $2 and doing okay until Anilkoomar started posting his nonsense and since then the stock went down steadily and is now dipping below a buck. I sure hope he is a Trump supporter too!
I have no motives, Ala. I just believe the company continually makes poor business decisions, tries to re-invent itself rather than doing what it knows best, and has a long record of poor performance - all of which makes it a bad investment for folks like you that hold on to it, and only marginally good for a day trader who picks up money on dime swings. I defer any further comments until it goes below a buck and real panic sets in (or are you holding out for another successful reverse split?).
I am sure they have business, but do not have any newsworthy new customer wins, but continued/existing business on going. And it can take some time to get approval for a PR from a customer, due to their internal processes or that they wait until product is in service before considering. I do not think they are intentionally depressing the price to get de-listed. expect a $20M Q4 and $3M loss resulting from a failure in strategy...thinking a company built around Telco access could turn itself into ab enterprise business. Ala can thank his boy Jim for that call!
You must have just seen Star Wars. "Alakuma, the force is strong, but we must resist the darkness. Light your saber and we shall fight for honesty and positively against all evil!" Man, give me a hit of that..