Granted, I'm not on top of the new iphone technology and don't own a single Apple product. I DO have some basic knowledge of how to make generate revenues and ultimately make a a profit. One way NOT to make any revenue/profit is to give stuff away for free. In today's LLTI fluff piece, it mentioned that the improved VerfifyMe security application for the most current Apple iPhone is AVAILABLE FOR FREE DOWNLOAD at the Apple iTune store. Free = no revenue. What am I missing here?
I and I believe others, have referenced Dr. Phillip Frost as a reason why we have decided to invest in this company. Personally, I have had great success with the first stock I co-owned (I give myself much too lofty a standing here) with Frost. That company, Vector Group (VGR), is predominantly a generic brand cigarette company. He bought it because of its consistent and stable dividend policy. Presently, it pays about 3X that of the other cigarette players due to its 9.5% cash dividend and 5% stock dividend. These policies go back well beyond a decade. In fact, if you bought shares of VGR in 2003 at $14.50 they are presently worth about $16.50 or 13% more. So, you've appreciated by 1.3%/year on top of the dividends.
So why do I bring this up? Well, he has a huge holding in ROX. I suspect his analysis is more solid than that of any poster on this board. Guys who are negative on this company- thank you but I'll put more "stock" in Frost's opinion.
Hey guys- I just picked up my first block of shares thru a $.28 limit order at the low of the day. This is a speculative stock for me as most of my portfolio consists of stable dividend plays with a few hopeful 10 baggers like this one. My thought process is that if a stock is good enough for Dr. Frost to make a commitment, it's good enough for me. I've been holding VGR (Vector Group) for about 5 years and it's been paying a 9%+ dividend and a 5% stock dividend to boot. Frost is a big player in that equity too.
Good to hear from you again frnk. Please Lord let them attach some salient details concerning any contract length and projected revenues. Hope they don't into that "we don't disclose customers" routine if it happens. We do have that key casino executive on the advisory board who has worked on Atlantic City in the past. If that doesn't help us in the competition to be a vendor, what will???
After reading a few articles about Phillip Frost and his investing acumen, I studied several of his holdings including ROX. I first became familiar with Dr. Frost when I bought VGR (Vector Group) shares. It's a generic cigarette with some real estate holdings throw in. They pay about a 9.5% cash dividend AND also a 5% stock dividend yearly. I've done very well with it. So, after researching ROX and being intrigued that Mr. Frost would even engage with such a low cost turn-around story, I pursued my usual all-or-none, limit order approach. I bid $.70.share and was able to pick up my entire lot for $.691. I'm looking forward to another successful ROI and wonder why others chose to buy shares of this stock.
An SEC filing indicated that there is to be a shareholders meeting on December 9th. It didn't mention whether it would be in Bala Cynwyd, Pa. in or D.C. If it's in Pa, I'll be attending on an information gathering and meet the team sort of venture. I intend to prepare a series of questions starting off with why are they not responsive to queries from investors who follow their own preferred format. Hopefully, by the time this event takes place, some of the "fluff news" will have turned into hard revenue news.
Bobi- in my view the conversation is a short one based upon our recent experience. After a spate of "feel good" P/R releases, the shares have moved maybe one penny. What is consistently missing in these missives has been any reference whatsoever to revenues or time frames. LLTI has adopted this policy of being secretive relating to the companies/countries they are doing any level of business with. Why there is this compelling need to put a blackout veil over our business is weird if you ask me. What is surely serves to do is blunt any potential response to an announced "contract." I guess the only time one can find out about the real goings-on would be the SEC-required releases. As we all know all too well, to date those documents have indicated that we have an embarrassingly modest (and that term may even be gracious) level of revenue. The problem is the next SEC financial release probably won't include any of the recently announced agreements so we're stuck in a waiting period hoping that at some point more meaningful financial/contract data is released. Meanwhile, all we can do is watch the "few penny ping-pong" results of our share price. Oh wait, I take that back. We can also read about additional warrants and options being issued that will over time further dilute share price.
If this is an inaccurate depiction, someone please take me to school. In fact,. please take me to school because I need to feel better about this company.
Magro- are you as befuddled as I am about the stunning lack of meat on their press releases? When you read P/R releases coming from most any type of savvy company, a major part of the release is about the financial optics that surround the news. Such terms as immediately accretive or reduce redundancy, projected to generate in the vicinity of XXXXX dollars, the agreement covers a period of 3 years- these are things that investors expect to hear. Instead, we get #$%$ like "this agreement reflects a growing acceptance of our suite of security solutions." Apparently, the only suite of solutions generating real money is the Absolute vodka being served in the LLTI hospitality suite. I'm trying to remain positive but this repetitive lack of marketing expertise is stunning to me.
Hey upsoars- good stuff about the new target. All this data about the new $98 number, the FDX share price and response to their report, the good air freight numbers that came in today, the ever-expanding use of online shipping services, our recently completed/announced acquisitions and other news has moved our shares to near all-time highs. Of course, for every good thing there is also a downside for some. In my case, my covered call options are starting to put me in a bind. It was an excellent source of income when prices were stable but the steadily increasing share price has made it less than a profitable endeavor lately. So, I decided to sell some shares today to cover the cost of closing out some call options, pay down some of my hypo debt and set aside some $$ for the capital gains tax burden. I'm not complaining but for those with a significant number of shares playing the covered call game, these are complicated times.
As predicted, a vague and meandering "news" release generates negligible interest and zero share price movement. C'mon guys, put some meat on the table. I'd like to think our crack management team would show some level of embarrassment that the shares trade barely over a dime. Gee, has any of the dedicated and enthusiastic management/BOD/advisory group board members even considering buying large blocks on their own? I am correct in saying that such a "demonstrated commitment" wouldn't cost much, right? Such announcements are supposed to indicate a firm belief in a company's long-term future and, in this case, such a person could acquire 100K shares for just $10,000 or much less than most of us paid. I'm starting to think that all these guys care about is their stock options and warrants that they'll exercise when it's advantageous to them. They project no interest in going beyond these gifts and this sets a lousy tone for the market at large.
You know Magro, this sounds like another in the never-ending series of "feel good" announcements that we keep hearing. The article stated that we gave coordinated testimony as a prior hearing with a key member of Johnson and Johnson which one would have thought might have led to a partnership agreement. Of course one would have been wrong as we seem incapable of leveraging our "dominance" in the industry to any type of meaningful revenue stream. This latest "hot breaking story" would suggest that since we were an early entity in recognizing the weakness in the pharmaceutical supply chain as it relates to deterring counterfeit products, one of the soon-to-be-announced pilot programs would include LLTI. If we were to be selected, then that program along with the mysterious African nation that has contracted with us SHOULD add some level of credibility to our operations. That to me is what is missing to date. We have been projecting ourselves as a leader in the anti-counterfeit industry which everyone agrees is causing great harm to companies in selected industries. Despite this apparent concern and our "outstanding positioning" to provide these needed solutions, we sit revenue-less and knocking on a sub-dime share price. All this despite having perhaps the highest profile BOD and Advisory Board of any micro-cap stock. I would suggest that our only leadership in the industry to date has been in the number of outstanding shares, options and warrants to a highly ineffective (to date) management team.
Do I want LLTI to fail? Of course not, but I also know that the available capital funding (absent more dilutive share offerings) is starting to dwindle. So, let's put a $$ figure on the retailer's game program, the African country security contract, whatever might be hanging with any J&J partnership and what a pilot program for this house-passed might mean.
Magro- you and I have been in for the long haul and l think we both continue to see considerable promise for this company. That said, if something of consequence doesn't happen within the next 6 months or so, in my view there will be some explaining to do on the part of this management team. So far, all we've seen is the very early shareholders, insides and family members off-load shares at strategic times. The run-up to $.50 or so was some sort of illusion sparked by those I've described. How they did it, I don't really know. But above all else, I find it hard to believe that high profile board members would have attached themselves to a "drone" (facetious I know) company. We just need some hard contract/revenue numbers and things will change dramatically.
OK, so via the SEC filing we're paying the new COO $150K in salary plus 500K in options vesting in 12 months and another 500K in option with a vesting date 24 months from now. The strike price is $.15 and I'd surely like to think that 12 months down the road that share valuation will be long exceeded or this will have been another heretofore worthless hire. What I'm basically saying is that with all the heavy hitter BOD and Advisory Board members and the top heavy management staff we've accomplished nothing revenue wise but much if one values press vague releases potential and stated potential. I'd love to be able to eat my words in 2013.
According to Neil Alpert, it was imperative for the company to round out the executive management team to handle the rapid growth anticipated in coming months. So, retired Col. Giles Keyser who had served as president and CEO of Selex Galileo, has been brought in as our new COO. Selex is a defense supplier specializing in unmanned flight control systems. Hopefully, this starts us on the way towards some meaningful, revenue generating contracts and not just another hire of a high profile person to make the management team look proficient. Keep in mind, with the lack of substantive news we are wallowing at near single digit share prices. for a company with the type of potential we keep hearing about, this is more than discouraging. This opinion coming from a substantial shareholder who is tired of the maybe-ifs while reading about "going concern" issues.
2 pieces of theoretically good news generates ZERO interest in share acquisition. Like I posted earlier, no contract data ($$ and duration) = zero market interest. C'mon guys, didn't anyone in the management team take basic marketing classes?
Per their website, the dividend was suspended for 2012 ONLY and a .75 euro dividend will be reinstated starting in November with a .35 euro payout followed by a .40 euro one in Q2 of 2014. That projects to about a 6.7% dividend or the highest telecom payout among the major players. So, it would seem that with the recently depressed share price due in part to the dividend suspension along with the lower P/E than their peers, this is a good time to pick up shares. What I'm not sure of is the ADR guidelines for dividend withholdings and the euro/dollar conversion rate. Anyone?
No names (understandable reason), no ID of specific country, no indication of value or length of contract- all these things have conspired to dilute the effectiveness of the announcement. Please LLTI, give the market something it can chew on.
It sure seems when they say a nationwide contest it might be that old McDonald's game or something like it as Magro suggests. I just wish they could have said something like "we expect to generate in excess of XXXX dollars thru the agreement." Once again, it sounds good but is vague. Believe me, I'm trying to keep my spirits up but....