Hard to understand why so bad with such a smooth talking CEO that seems to really know his stuff.
Let that be the new business plan. Maybe someone would throw them a rope.
What I think the company is communicating to those that don't have inside info is "we want you to sell your shares to our buddies" before we announce a merger and/or buyout. "we have tried every way in the world to get you to sell"...."we've been working this for months now" ..."so give up and do it"...
It's either that...or this has to be in the bottom rung of the absolute worse stocks (with management included) in all of the stock market...and I cannot believe that since I own it....lol
Appears they are making strong effort to improve revenue profit margins. If they could get those margins up to 65-70% and get most of the new business initiatives rolling out more and more revs, then this could be a big winner. WIFI is so big big big and they have so little of the rev right now. With such a large network, revs such be flying in. I just don't understand it. I know Rud-der...if if if
Yes, that was nonsense; sorry about that. Their expenses were not really identified in detail in the PR...so I should have reviewed the 10K before I said anything. Based on revenue profit margin of about 57-58% with $14.6M OE, they will still about $25M in revenue to break even. I believe it was indicated in the CC that they plan to reduce annual OE by about $3.5M which would change break-even to about $23-24M. I just quickly breezed through the CC.; maybe something was said about an improved business plan that would significantly increase the revenue profit margin. That would be great; if not, they will have to start growing REVs much faster to ever make a profit. I still hope for a merger in the making.
I hope their planned restructure is major. Looks like OE was about 22.5M, which means Qt REVs would have to increase from $17.8 to over $56M just to break even...assuming 40% margin same as this qt...wow...I sure hope they have a merger in progress because they will never get to those type REVs. How will they ever make a profit?? Maybe some profitable company could really use those carry forward tax breaks.
You may be right but I suspect the buyer yesterday obviously has inside info about sometime that is coming. So if that low comes I will start buying again, but my guess is that it will not happen this time since they now have the extra cash, and I still think a merger is in progress.
It appears the MM spent the previous 3 days driving the PPS down in order to accumulate share for someone and then raised the PPS to sell someone approx 30-35K shares for a small premium in the 1.40-1.45 range, then walked it back down. If true, that is probably good since that person obviously has inside info.
I suspect no one will buy more now unless they have inside info..so if the fake trading MM is trying to sucker us poor little investors with no inside info...forget it.
Which will it be?? Consistent poor results for the past several years doesn't speak well as to what will happen. Hoping for merger / buyout announcement.
My guess is that they are trying to get all non-inside info holders to sell their shares...but there is always a buyer(s) for each sell....and I suspect the buyer(s) has inside info. This obviously is dead for the immediate future unless a merger/buyout is in progress. I'm guessing a merger; if not...hold and accumulate on big drops...and wish for a miracle in business growth over the next 2 years...lol
Locking out the sellers. Wonder what inside info the buyers have?? I once sold a $1 stock for a small gain as it was climbing out of a down period and then watched on the sideline afraid to buy again for fear of buying at the top and losing my gain when it dropped again...but it just kept going up for about 6 months...$2...$3...$4...and I just could not believe that POS stock was doing that and could not understand...and then out of the blue...$5 buyout...and I had that sinking feeling in my stomach...again...lol
Oh well...lightning never strikes twice in the same place...they say.
Surely they will now be able to cut all cost associated with the business they sold. I guess time will tell. IPAS as a stand alone business may be irreverent, but I suspect their WIFI network and customer relationships are not. That's why I think there will be a merger or buyout or both within next 18m resulting in nice gain from here. And really, there's no need to worry about IPAS; they have good cash and no debt...far better than many absolute POS stocks I've owned that have almost no cash or REVs and do a PIPE dilution yearly to stay afloat, then fluctuate in wild PPS swings, sometimes double/triple in price; you just have to be on the right side...lol...anyway good luck.
Selling on good news to wait 30days for the tax loss can be risky if you plan to buy the stock back again. Sometimes the stock will rise significantly after you sell and you will not buy back as it keeps going up for fear of buying at the high point again...and it just gets away from you..and you have that sinking feeling in your stomach as it continues to rise...been there done that...but I'm sure that would never happen with IPAS..history seems to always repeat itself here...lol...but who really knows the future?
You are getting older and wiser..lol. I have to believe that this is the beginning of something that is going to be really good over the next 18m or so. Their WIFI network represents huge potential...but I also think there will a merger or buyout before that huge potential materializes in the pps. Hope I'm wrong.