That .40 cents was from that previous dysfunctional management claiming they had to file bankruptcy. We're basically where we are now because Platinum was able to take over and let everyone know they don't have to file for bankruptcy. I'm appreciative of the work they are doing. This thing would be a total loss without them. It doesn't mean they're functional or perceived as functional by anyone other than those already invested and those holding on to the possibility of breaking even or turning a profit. I think you all might be making too big of a deal of what I had previously said. We're all agreeing, I just don't think we're at the level that you guys think we are. Not yet, maybe tomorrow there will be a press release that changes my mind.
Definitely. And I hope they can complete production and sell some product. That will mean the company has officially turned around. They're progressing now, from a company that was never going to do anything, to a company that seems to be doing something. Hopefully in the next year they are a company that has done something.
Actually, yes. Apple isn't coming out with new products, or innovating much, to support their valuation. They're still obviously the big name, but that will start to slip (as they already have) if they don't step it up... Not necessarily in the range you mention, maybe much lower.
Again, I'm all for it. I'm hope the moves that have been made equal success. So far they have not shown in the stock price because the company is still assumed to be a failure. In other words, because of their past, they are still viewed as dysfunctional, or unsuccessful, or too risky, or whatever. If this thing adds another $1.25 or so, then I'll be about even. If they succeed as they hope to, then I should stand to make quite a bit as well. So fingers crossed.
I think they're dysfunctional until proven otherwise... I hope the new crew pulls it off though. I have a fairly significant bet that they will, otherwise I would have sold it all last year to take the substantial loss.
No company as dysfunctional as Echo gets love right now from anyone other than penny stock pushers. I was hoping they would make a move either way before the year is over. It doesn't seem like this is moving until 2016.
Solar is completely different market. Solar companies are going bankrupt trying to offer lower prices. Ubiquiti can operate more efficiently, but would never be able to slash prices like they have in networking.
Me? I decided to keep my money instead of taking your route and essentially burning it.
Yes, exactly. Things change. I'm not saying that's what it is. Probably just some investors guessing based on previous earnings. Figured it was up last week and probably going down come earnings, so a sell off is born.
40+ minutes and no trades made yet today? Seriously? Funny stuff... I know day to day doesn't matter. One day there will be 25 million + shares traded, other one way or the other. Still crazy though.