Still think that if we get a couple of contracts, Loeb will sell the company to realize the value of the loss carry forwards, get a profit for LeapTide and get out of day to day running of ACFN. The two remaining companies will not generate enough revenue to support purchase of other startups, and, even if they did eventually, the time frame is not favorable for Loeb to stay. The ceiling for sale price is $1 at best. That still gives him an excellent return on his investment.
I guess we have to hope for Raphael to bring a LOT more opportunity to DSIT, now that we own less than 40%.
We also do have to get Omnimetrix snagging some bigger contracts, not the nickel and dime stuff they currently get.
I don't see how the announcement of liquidation of Gridsense could be considered pump and dump - not sure why the news caused a big jump initially. I understand that, just like with USSI, the company could not withstand the cash burn for years in the past with no clear promise that was going to change anytime soon.
The real problem here is corporate overhead and the associated ineffective/unlucky management. The only way for this company to thrive was to consistently pick winners. Coreworks, Paketeria, USSI, Gridsense far outweigh Coalogix. To be successful, we needed to have at least 50/50 winners or have a really big winner combined with occasional small winners and small losers. We have had a GIANT loser (USSI) and a bunch of smaller losers combined with one small winner. That does not allow this company to continue.
I don't see Loeb (unlike Moore) as interested in trying to ride the remaining two companies to big wins so that the company can continue to make bets. I see him as getting Omnimetrix and DSIT marginally profitable and selling both together, bundled with the tax loss carry forwards, and exiting with a solid little gain for Leap Tide. I think the very best we can hope for is $1 a share sometime in the next year or 18 months (losses worth maybe .30/share and the companies worth a little more each, given that Raphael can leverage DSIT and Czarnecki can grab that government communications business). I think Sela and Czarnecki are competent managers who can get the jobs done, but neither of these companies are going to be home runs.
In other words, Loeb already has his fiefdom.
Those of us who went all-in and averaged up while USSI was being touted as a big winner will likely lose substantial amounts. Those who entered later and averaged down could make a reasonable profit, like Loeb. This strategy works for him. Bikeman, best wishes to cut your losses - or even better- snag a little profit.
Thank you. I hope the best for clarkdane, but would remind him that some of the most sage advice to investors in individual stocks is to not "fall in love" with one stock. I wish that I had not and don't wish for the same outcome for any of you on this board. If my negativity pushes anyone away from the stock and it in fact does appreciate significantly, I apologize.
We all also have to remind ourselves that if we hope that someone with inside knowledge is going to give us a heads-up, that would be illegal and isn't going to happen. We are all the blind leading the blind.
Why am I still in ACFN - because I was too stupid to simply put money in a nicely managed mutual fund. I kept believing Moore that a partner for USSI was just around the corner.I kept believing in management because they had their own money tied up in the stock. I don't believe in future prospects because of past experience, but it makes no sense to sell at these prices. Just maybe they might be able to sell someone something - then I will get out of this stock.
Profit right around the corner - I've owned the stock for 18 years, it's a LONG corner.
272K with 27M shares = .01 per share. Ouch!
Yes, they are preventative things, but when do people decide they need to be proactive? - After not being proactive, and having something go wrong.
Obviously, the best thing that could happen is that one of these proactive installations prevents a disaster and there is a response to that. Unfortunately, the more likely event to promote proactive behavior is a disaster.
All the things that move this stock are bad news to someone.
1. if the price of oil went/stayed sky high, USSI would likely be thriving.
and Omnimetrix would have much higher chance of getting contracts for pipeline monitoring and DSIT would have more offshore oil facilities to protect.
2. If the infrastructure of the electric grid shows major failure, Gridsense likely does a lot better.
3. If we have massive storms with power outages everywhere, Omnimetrix gets more contracts for generator monitoring.
4. If a foreign power disrupts our military communications, Omnimetrix has a greater chance to land contracts to back up that system.
5. If aging pipelines start to fail everywhere, Omnimetrix gets more contracts to monitoring pipeline failure.
6. If a nuclear plant is attached from the sea, DSIT gets more contracts to protect the plants.
7. If things go haywire in the South China Sea, DSIT gets more ship sonar contracts.
8. If the government jumps in and tells pipeline companies they face heavier regulation and fines for not having up to date monitoring equipment Omnimetrix's prospects improve.
So we're cheering for high oil prices, nuclear plant attacks, war in SE Asia, leaks in our pipelines, massive killer storms, foreign attacks on communications, electric grid failure and government regulation. Having fun yet?
DSIT - has a good partner.
Omnimetrix - has Woolard who could be a good partner and fund needs.
Gridsense is a major drag.
Agree with actor that Moore sale would not be a good thing.
He was at $375K in 2008 so it looks like some nice cost cutting as Loeb's compensation at $17K per month would save $171K per year. This company needs to get the money out of administrative salaries and into product research and development.