Nice to hear from others who loves the product. I got my first MJ appliance in 2009 and, having moved abroad since then, have found it invaluable. I've faxed over it too. Did that come in handy! At the time, I had few options living in the middle east.
In terms of the lawsuit, In my opinion, this is yet another bogus suit that will go nowhere. Tech companies are particularly vulnerable to them and MJ has endured one other a few years ago (maybe two over the last 5 years?) This too shall pass. This is a case for "ambulance-chasing" attorneys. Affect the price? Doubtful. The stock is at a new low and I envy you your chance to get in at this price. Perhaps wait until May 10th when you can listen to the conference call.
"I don't listen to anyone here." You and me, both. There are no longs selling at these levels. I too was investor in 2009 at a little over $1 not long before the merger.
Despite the possibilities you state, MJ's presence in hotels is compelling: convenient, inexpensive and, hopefully, ubiquitous. When I travel internationally, I can use fb but I don't. I can use Skype, but I don't. I use MJ because the app is more convenient and a U.S.-to-U.S number is a definite added convenience for my U.S. contacts. I will not fuss with SIM cards and I suspect others prefer not to either. Maybe an int'l traveler but not likely unless he/she travels often. And if they do, the sound quality is unlikely to be as good as MJ's. Some of Patel's hotels are "large chains" like La Quinta and Comfort Inns. Most business travelers are not accommodated at $300 plus/night. For example, I know for a fact that IBM and UPS management/authorized agents are not reimbursed for expensive rooms. They are expected to stay in competitively-priced accommodations unless they are at the extreme upper echelon of the company.
What about someone from outside the US staying in the U.S. who needs to call within the U.S.? Also, I assume the deal includes inexpensive international calls. Like I said, even if 10% of these 17,700 hotels were to accept the coverage, that is a 4.3% increase. That is without Telefonica.
The curmudgeon-induced #$%$ here is tiresome---even once or twice a week when I condescend to check in. Will say it for those who will warn me that they will mark my words and rub my face in them in a year or two. So this is my dare.
First, there are more ways to innovate than those of technical innovation. Business acumen is a form of innovation too. The provision to at least 17,700 hotels---even if only at a 10% utilization rate --- means an increase of 4.3% in revenue. If they were to get 100% hotels to utilize, that's an increase of 43% revenue: Crown Plaza, La Quinta, Days Inn, Fairfield Inn, Comfort Inn and more..... Furthermore, Broadsmart, though not "well-known"---as per someone's denigrating critique here--does what other niche-players do---provide services in a huge market where any company with a decent product/service could fulfill specific needs. The Broadsmart acquisition alone translates to a 15% increase in revenue. With both these two business, MINUS Telefonica, we would expect an increase of at LEAST 15%-20% overall with continued ongoing growth.
I'm in for the longer term. I only wish it hadn't taken as long as it did.
Don't despair. The company is only now about to realize the revenue from plans begun within the last few years. The business model is quite different from what it was 2-3 years ago. Just wait and see. I believe in the soundness of their direction.
The only reason you believe you "cajoled" me into commenting is because I had you on "ignore" for months. I took you off just to see if your OCD was still compelling the same nonsense I've seen over the past 6 years. Back on "ignore."
"People who listened to you...." LOL. Who would buy on my good sentiments? On a message board!? Are you nuts? But thanks for assuming I have the authority of some sort of guru. I've never been short this stock.
I think you misunderstood me. "Now" refers to my husband's relevance to, and knowledge of, the industry. Of course I would not sell now. I can't buy "millions" of shares, but am holding, with confidence, the 12,000 I have.
Paradigm shift. Explosive and important. Thank G-d we will have this treatment available in our lifetimes.
My husband knows this industry, this technology, better than any of you. It is his job. He believes the management is making all the right moves. He believes it is only a matter of time. In a year, we will see who was right.
Patel and Telefonica sound fine. I don't know why you are convinced they won't end up contributing to revenue. Now that I re-read the suit, I think it's bogus. Like others before them, they're fishing only. Doubt they have any plaintiffs. I seem to recall similar stuff happening to Nettalk and other like companies. Besides, what negative info did the company disclose to bring down the price? I never heard anything and it would be impossible to prove that some particular information was the culprit even if they dredged the bottom of the lake to bring up something they could portray as sludge. I still believe the price has been manipulated like mad, though.
You are supreme jackass if you think I believe I can convince people to buy anything---especially on a message-board.
The only thing that #$%$ me off is the possibility that the company is guilty of the misbehavior alleged in the class action lawsuit. This stock has been manipulated for years, imo. The history of MJ, and the intent of DB, was not so much about "innovation' as about providing as many customers as possible with a way to make cheap calls as often as they wish with ease and good sound.
The only thing that prompts me to ask "why" is your persistent whiny curmudgeony #$%$. I I take long hiatuses from this board because I tire of the nonsense. liked everything I heard on the last call. Either the complaint is that the company is not investing in growth. When they invest in growth, the krechtzing morphs into "Why don't they pay a dividend?" Why aren't they "innovating?" The management are doing an aces job. They have many irons in the fire. I predict they will all pay off. They have excellent prospects to offset a stubborn, albeit low, churn. Time to diversify income streams. I'm satisfied and don't feel the need to defend management constantly. They're doing well enough.