well you sure are acting like one of those guards. Why can't you see that? You don't care if you ruin lives as long as you make your money destroying a company.
Maybe that is why your wife left you.
at $14 or below, a no brainer buy
at $22 or more, a sell
fair value at $18
current price of $15 is a compelling buy range
That seems about right to me. I agree with those numbers. I have never advocated buying above $22. My current holdings are small compared to what I have had in the past.
total useless company. Why is IDSY paying them $100k/yr to do nothing?
nothing announced. That means they get a delist letter tomorrow and it probably goes into effect Monday or Tuesday. When companies like Glencore are in danger of BK, how can MGN except funding especially with a DEATH SPIRAL.
why doesn't Corning cut these guys out and make the finished product? Again, just lack of vision
looks like none is coming. Expect to be trading on pink sheets under a new ticker by Monday or Tuesday of next week.
I think they would be better of just taking the company private. It has no revenue and will have no revenue for years and years. Why pay $1M/yr to be a public company?
that's what I am getting at. They seem to be stuck at this $9.5M/qtr run rate and thus need to be break even at that run rate. Norm just has not cut it. Could get rid of him and save 5 engineers. If the other execs take a 20% cut, that would save another 5 folks. That's why I said need to get down to 70-80. The execs may be unwilling to cut their pay.
Larry T has not been able to get any airline to roll out despite gas prices so low the airlines are rolling in money now. That's a 6 figure salary not producing. United announced a $7M plan and has yet to implement a single hub. Does the product not work?
time to hit the bone. Time for the do-nothing Directors, VP's, process folks, sales, etc to leave. The company needs to be profitable and if sales won't increase, must decrease costs. Time to get down to 70-80 people and make some money for a change.
Execs need to forgo bonuses, stock options, and take a 20% pay cut. The PR firm, Liolios, who does nothing, needs to go as well. They don't even respond to email inquiries any more.
your phone is your lifeline. You will leave credit cars and cash behind in a few years and pay everything with your phone.
looks like end of quarter dumping by funds. Who wants a mega-loser on their books? Next month is closing of the books for funds for the year. then after that is tax selling by everyone else.
Would not be surprised to see this under $2 by year end.
there are a small number of options at $2.84 (the ones Ned exercised) that everyone else has. Other than that, everything else is under water. Not sure I would bother exercising $2.84 options at this price point.
It is so obvious that Ned saw a dramatic decline in sales and used his inside knowledge to profit. Exactly why the laws were written to prevent such things.
I can't figure out why Ken and Norm bought at $3.90. Do they believe their own BS?
there were literally hundreds of articles in the 2008+ timeframe showing the mark to model was stretched to the limit and that banks were hiding losses