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CounterPath Corporation Message Board

dougschott40 11 posts  |  Last Activity: Dec 17, 2014 2:09 PM Member since: Aug 5, 2011
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  • Reply to

    CounterPath Files $50M Mixed Shelf

    by cyber_trader99 Dec 17, 2014 1:01 PM
    dougschott40 dougschott40 Dec 17, 2014 2:09 PM Flag

    Okay, just got off the phone with Counterpath's IR rep.

    This "Mixed Shelf" filing is not a new deal. It is a renewal of a prior filing from a couple years ago. The company has $5mil in cash and does not need to raise money, but if it did want to do so the terms of the filing would cap the sale of new shares to about 7 to 8 million. The idea is to limit dilution.

    Doug

  • Reply to

    The 2015 Q2 report is out

    by dougschott40 Dec 11, 2014 10:19 AM
    dougschott40 dougschott40 Dec 11, 2014 3:29 PM Flag

    Good points, all, longnwrong.

    My patience wore out a long time ago. Jones needs to get it done or Terry should look for someone who can. The clock is running out on some of us old timers.

    Doug

  • dougschott40 by dougschott40 Dec 11, 2014 10:19 AM Flag

    Pretty vanilla report. Earnings flat from Q1, but better from a year ago. European revenues were up substantially. They have enough cash to fund another year of operations.

    Not a turn around report, but the amount of lipstick needed for the pig is less than previously.

    Cancel suicide hotline for the naysayers, as well as the victory parade for us cheerleaders.

    Doug

  • Reply to

    Doug - Honest question

    by shoedough Nov 12, 2014 11:02 AM
    dougschott40 dougschott40 Nov 13, 2014 4:22 PM Flag

    Blackdog, you need to stomp your feet more. Your tantrum needs some work.

    I never said I knew who the offers came from. Only that there had been some north of $2. I have no idea who made the offers.

    Now go back to your playpen.

  • Reply to

    Doug - Honest question

    by shoedough Nov 12, 2014 11:02 AM
    dougschott40 dougschott40 Nov 12, 2014 12:17 PM Flag

    Shoedough, I have never worked for the company, although some here probably think I am an unpaid shill for them. However, having owned shares for ten years, I have established a network of knowledgeable friends whom I trust. From time to time they have become aware of events (or nonevents) that while not constituting "insider information," do provide some insight into the thinking of company decision makers.

    Rejected buy-out offers are a good example of this. They are non-events without specific details as to who the players were, when the offers were made, and what the offers were. So nothing happened. However, the fact that the offers were rejected tells us that the company's management team thought that the company was worth more than they were being offered. I take that as a plus. Others might surmise that they were fools for not accepting the offers.

    Doug

  • Reply to

    Abandon ship

    by littlestinkyblackdog Nov 12, 2014 10:21 AM
    dougschott40 dougschott40 Nov 12, 2014 12:01 PM Flag

    Blackdog, I'm certainly not the captain of this or any other ship, but I share your "going down with the ship" sentiment. In the absence of announced revenue growth there will always be price erosion, especially during tax loss selling season (which we are in now). This has been a long slog, and I know that some are understandably discouraged and are selling their shares and moving on to whatever is next.

    We won't know if the company has really turned things around until Q2 comes out in 3-4 weeks.
    Personally I will be adding shares while they are on sale because I think the company has too many irons in the fire not to have some of them succeed. I also remain confident that Sir Terry Matthews will not let his son Owen (Vice Chairman of CounterPath) fail. I'm still betting on the jockey rather than the horse.

    Best,

    Doug

  • Reply to

    A couple minor observations.

    by dougschott40 Nov 4, 2014 1:14 PM
    dougschott40 dougschott40 Nov 5, 2014 4:08 PM Flag

    Blackdog, I may be something of a cheerleader, but I don't work for the company.

    I've just owned CounterPath shares since 2004, and despite some rough patches, have never had a compelling reason to sell and move on.

    Over the years I've traded the stock a few times while increasing my stake to 41,000 shares. I think my patience will be rewarded, but like everyone else I've learned to discount the impact of the company's PRs which seldom move the PPS.

    What is needed is simply revenue growth, and I believe that we will be seeing that in the next couple quarters. If it happens the share price should blow through $2 quickly. That's a nice double for the shares I bought in the last couple months. But I think that even $2 will seem pretty cheap in the coming year. There have been attempts in the past to buy-out the company at much more than $2, and the offers were all rejected. That should tell you something.

    Best,

    Doug

  • dougschott40 by dougschott40 Nov 4, 2014 1:14 PM Flag

    It was good to see four good PRs out of the company in October, even though they had little impact on the PPS. The fact that the company is still leaning forward adding new patents and partnerships indicates that it is still a viable investment.

    At some point there should be a positive cumulative effect on revenue. Every deal made makes the next one easier to get done, and at some point there should be an acceleration in revenue growth that will surprise everyone.

    Having said that, I have been adding shares while they are still on sale, and have no doubt that within a few quarters they will be worth at least three times what I paid for them.

    Best to all long suffering longs.

    Doug

  • Reply to

    Nice graph for two years

    by littlestinkyblackdog Oct 16, 2014 4:13 PM
    dougschott40 dougschott40 Oct 16, 2014 4:31 PM Flag

    Yes, it is pretty ugly. Getting close to where I loaded up the last time it cratered 5 years ago. So I have been adding a few shares while they are still on sale. The opportunity could extend through most of tax loss selling season, until Q2 numbers are released in December. Of course, the PPS could spike in a hurry if any REAL news comes out.

    Best,

    Doug

  • Reply to

    MobileIron

    by stock_spy Oct 16, 2014 8:31 AM
    dougschott40 dougschott40 Oct 16, 2014 10:34 AM Flag

    Take it somewhere else.

  • Reply to

    The Teradici announcement is so good

    by aponyintheresomewhere Oct 15, 2014 11:04 AM
    dougschott40 dougschott40 Oct 15, 2014 4:25 PM Flag

    Especially since they don't hint that CounterPath may actually generate some revenue doing this. Somehow making money never gets mentioned in any of their PRs. Must be beneath their dignity or something...

    Doug

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