Hey - if you know something outside of the avg. investor here please give it up. 10 plus (or so) OBLs alone in the last 12 months is excessive. Options at .15 .07 .09 whatever, doesn't really matter if the co. is not meeting or exceeding sales goals. I am truly tired of the "pay later" attitude this co. has taken under Miachaal Oliver.
and we're down 8%. Amateur hour for an amateur co. Nice start to the week Michael. seriously.
You have - barely - a penny stock co. trading down 8% on 234 shares. Nice work.
Your point being? Lets face it - a few of us here have been through every qtr. of this clown's tenure - and nothing has happened other than cont. massive dilution. Why hold you might inquire? Because despite the now proven incompetency of Michael Oliver at the helm, the concept and product itself (nothing of which he had anything to do with) IS market changing.
I wish it were a "childish rant" - unfortunately it is the truth. I see you are new to this board. So your enlightened mention of yet another cc after earnings is not worthy of a mention - because, as those if us that have held this stock (some of us since the co. was based in MN at the $3 plus range) for longer than most have come to realize, especially under Michael Oliver's failed attempts to only succeed at massive dilution, that my "childish rants" are far from that. They are the statements from a very long term shareholder who has seen a great idea come to fruition - by those that created it LONG before Michael Oliver's presence - only to see Michael run the valuation into the toilet. Now if you are a supporter or know Michael tell him what an awful job he is doing. If you are Michael Oliver #$%$. If not I hope your "insight and wisdom", which is new to this board will provide us something more than a silly post about a cc call after earnings.
"would be pounding his chest and letting the world know"\
never be sorry for telling the truth. good point.
Seems to me that Michael Oliver is bringing us back to bankruptcy.
I have spoken directly with the co. numerous times - thus my cont. frustration when a "new" cheerleader comes on board, stating the obvious as though it is a good thing. I - like all on this board - want to see this succeed. Michael Oliver however, is NOT the guy to do it. That has become painfully apparent...good luck.
If this qtr. does NOT show fairly significant improvement, I am worried we will see this go below a penny.
In the past 12 months the only news of any importance is the 13 OBLs that have been announced. Beyond that there was an online interview (that they paid for) and some excuses about PENTAX. This does not bode well for the next CC. Oh and a trip to Dubai- hm. I agree it will be a pile of yada yada yada. We'd be on the move up - at this point - if there was something with teeth in the CC.
We have a "big" week this week. Supposedly our quarterlies are to be posted today - AND - we have ANOTHER (no doubt) very unimpressive CC coming on the the 4th. I would say today's volume is an unfortunate indicator of our quarter. and what the CC will be. NOTHING. What a joke. Michael Oliver, maybe you can squeak in another OBL before the 4th . . . God knows you can't see to do much else.
drifting down the road 2 days before our next cc and a day after (?) supposed earnings announcement.
DOES NOT LOOK GOOD does it? I think another OBL will be announced right after the cc. Because there will be NO uptick in sales or any additional agreements, that Michael eluded to in the last cc. This guy - Michael - is purely a front end sales man - no more. I know a few, they are great for initial contact, but their failure as a leader becomes painfully apparent after the sheen of their "BS" dissipates.
been behind this for more than 10 years - how long you been behind this? seriously.
I own significantly more shares than the current CEO has purchased, as well as many here I am sure. I unfortunately own shares purchased as high as $3.00 pre-r/s - YES 3 dollars. Don't talk to someone about getting behind something that has significantly more "skin" in the game than one's self. I have spoken to Dorst, multiple times. Nothing but but a breeze. Anyone that has been a long term holder - if there are any left - has equal the frustration as myself. You have a problem with that?
So I am to conclude you think Dorst, Oliver are doing a fine job. That being the case you are either on this board as a cheerleader - or you are one of them. I am loud now, yes. I will be the loudest on the board if this gets back over $3/share.
that was almost 3 years ago.
Since that post we have PENTAX - and enough OBLS to water down any income that may be generated from that for years to come. And a couple of - paid for - videos (one received a whopping 25 hits) from Michael.
24 of the hits are his...
"Yes I do think Oliver and Dorst are doing a good job...."
Wonder what what your idea of a bad job would be in this case?
I know mine:
1. 13 plus OBls in less than a year
2. 250,000 salary to the CEO
3. No marketing awareness programs
4. The members of the co. using a barely visited chat board to ramp up a co. that has the 3 previous points working at their disadvantage.
I know I am a buzz kill for a few of you here. However, reality sometimes does this. The chart (2006-2010) previous to Michael coming on the scene shows a moving average of .40-.60 cents/share - or so - on the low side and about .60-1.20/share on the high side. That is a 4 year period of time. Since the highly touted Michael has come aboard our moving average range is .05-.20 spending most of its time closer to .05.
You defense for Michael with these being the facts is?
They HAVE to have something more than what was reported last time. There HAS to be drastic improvement in sales numbers from Pentax - they have no excuses this time ie. Euro Holiday, etc. Michael's salary is 250,000 which is fine if the milestones are met and units are being SOLD - so far they have not been. So far his salary of 250k is not fine.
Reality though, and his past history do not bode well. Again 13 OBLs don't happen in less than a year if the sales numbers are looking good, and other talked about markets from previous CCs have been tapped into.
Nothing would make me happier on Friday - my guess is numbers will be released after the cc because they are no good - to eat crow. Somehow I think I will only be disappointed yet again.
the CC - have a client meeting - I hope I am eating crow afterward...I really hope I am.
The lack of volume and low price have me concerned though. good luck to those of us who have been continually frustrated and continue to hold.
"No Q and A...No disclosure on number of units sold" - I thought this was a publicly held company?
Guess we thought wrong. That sounds like something a privately held company would do... very telling and interesting that they would promote a "cc" (which is for the shareholders), then not let those that have invested in the company ask any questions? I wonder what the couple of "cheerleaders" on the board here have to say about that. Jim, Michael what's up with that?
"No financial reports because of complexity of derivatives." - that is the biggest issue for all of us. Not so much that it is complex, but that that there is a multiple of 13 OBLs. 400k is an improvement, but at what cost to the shareholders, with what we now know is a careless amount of OBLs.
The response to the conference call, is unfortunately what I thought it might be - and I had my grill ready for crow - the volume is non-existent, with no buyers rushing in. With the lack of any real positive NEW news they had better have a PR with some good meat in it soon, or we will be under a penny before we are over .10.