Couldn't find the actual transcript, but read the press release where Rigdon said they didn't need cash. Their financial statements say otherwise. Can you elaborate on why they don't need cash? Rigdons comment in the release simply implied they'd be selling an adequate amount of product. Is that it?
Simply google insider sales. There are a half dozen services. Even here click insider sales for 6 months and it shows 4 million sold, but with no names. One service I looked at had directors Kraus and Gunton selling millions each.
They definitely need cash and unless something big happens before issuance they're going to have to give the store away to secure the money.
Presumably they have another partnership deal in the works that'll entice someone to buy the stock.
Yes straight preferred is non-dilutive, but have you ever seen a company of this size issue anything but convertible? SEC filing says vote will give BOD authority to do as they please. No one of sound mind would ever buy preferred. It's the convertible feature that entices them to gamble.
In case you didn't pick up on it, the release talked about improvements in sales in the second half owing to changes in sales staff. First half, by definition is toast.
This isn't a patient market and it'll be October before we see if this is achieved. So at least 6 months in Limbo which equates to hell for the stock price.
We all have a little of that "special vision" disease, but we sane people call it opinion. This omnivision group of zealots might reflect on their insights versus the charts over the past 5 years and realize a trip to the optician could be in order.
Nice to have one rational person on board. Thank you.
Wow you guys are angry even when you're winning! And yes, I missed this current run by not being in but we can all say that about a lot of issues. Wasn't short either, though. And FYI, the last time symx closed at $2.50 was 2011, but this 50+% move of late is good for you. Maybe you'll see that $250 again.
I'm still lurking awaiting the even bigger pop on some announcement or another that I'm relatively confident is coming and if I conclude it's BS, I'll short into it. May even go long if it appears they're really getting some traction.
Nothing personal, just trading. And the facts are the numbers, not what any of us conclude from connecting dots or what we want them to be. Good trading (investing?)
Let's try and focus on rabo. My read on the transcript is that the big install from 2014 will peter out in the summer, not that they're separating from vasco. The price plummet would suggest you're right, but i just don't see the language.
And objectively, yes I've been increasing my position as the short interest has increased. And I'll continue as it grows based on the proposition that a $200 mil revenue company doesn't attract this level of interest, especially with it off 30+% already. The big sells I've watched go thru haven't been from the likes of me. And there have been plenty. How do you explain that?
Rabo hasn't announced it's leaving as i understand it. Only that their big order in late 14 will make comps tough for Q4 15. At least that's what came from the CC. Can you show me where Rabo has opted out? And if they have, it begs the question how anyone could have stayed long from $30.
And the final LOL is look at the stock price. Couldn't resist.
Of course I don't have a car wash, just like Mizuho isn't the 3rd largest bank in the world. Mizuho is the 3rd largest in Japan. Big bank, but let's use real facts from time to time, not the fantasy variety.
The car wash analogy refers to a time when people made bets and the loser had to go to the winners house and wash his car. Apparently it's not popular anymore.
Vasco surely has some biggies like Robo and HSBC but that plays both ways. If you win one it's great, lose one it's a disaster. I'm convinced they're losing one, and the trading combined with management's comments reinforces my belief. You think it's all #$%$ and some evil gremlins are taking the price down by some magical means that'll soon disappear. We'll see.
There'll no doubt be upgrades, so what? These clowns always compound their mistakes in hope of reversing trends.
Still like to hear why longs are holding in spite of every indicator pointing down.And I don't know anything for sure, but I'm 90% certain they're on the verge of losing a key account or two. They set it up at the last CC when they said the second half would be slow. Suspect they had the notice in their hand. I think their biggest bank constitutes over 20% of their revenue and is on a 60 or a 90 day contract, and you can't keep that kind of departure secret.
Not just playing the chart.......but loving the profits! If you like it here you'll love it at $15 in April. If I'm right take 20% of that top line and watch that 26 PE many love explode. Then what? Bet you a car wash it drops through $21 like rock by Wednesday.
Yeh, we smaller cappers don't know squat. That must be why there are only 25 or so issues on the NAZ with higher short interest than this one. Must be 900,000 of us dopes with 10 shares each short. We're doing a great job of taking the price down though. Taken 1/3 of the value out in short order from the smart guys.
Could you maybe explain to we unwashed the reason for this phenomenon? Didn't think so.
Hope you have lots of plasma on hand if you're buying. This is a classic falling dagger. The chart and trading are screaming get out of the way. Go back and look at the path from $32 to here. Even look at today's trades, they're typical. Big $ dumping on the peons.
I'm betting $21 or less tomorrow and mid, maybe high teens, by earnings. After earnings it's a #$%$ shoot
Your comment is a classic. All they've even done is talk and spend. And if you add spending and hiring to the $50 talking value they'd be bumping up against $100 a share.
And speaking of talking do you remember what the deal was with that red hot PR firm they hired a year or two ago? Suspect this move to $1 is intended to try and hold it there for 10 days to get the delisting wolves from the door. Sounds like something they'd come up with .
Reverse split should be the next move.
Those dots are way too fantasy-like for me, but the price has improved on some volume.
Anything can happen, I guess, but I just keep an eye on this looking for it to drop to sub 50 cents so I can take a long until the next announcement, or until there is one to short into. Hasn't done either for quite some time so I'm losing faith. This used to be pretty predicable and i made some quick pocket money by buying when it backed off severely and selling into the next announcement, which was usually quite soon after tanking. Just hasn't been cooperating for quite some time. Oh well
Tradition would dictate $4. Been posting since the reverse that the typical trend is for the price to revert to its pre-reverse value within a year or two..Then disappear.
This one has better than halved itself in record time, so I'd expect $4 within a month or so.
Then it will collapse to zero in a year or two.
If it's any consolation there were a couple of periods of heavy buying today sub $40, especially sub $40 at days end. Could have been short covering, but I doubt it.
If the indexes tank again tomorrow all bets are off.
Absent a major turnaround in the indexes it'll probably trade back to the secondary price. Simply buyers of the secondary salvaging what's left of their quick gains.
The real interesting action will occur at $24. Will they support or panic?