You still don't get it! Blaming it all on share"holers" weak hands. If they had weak hands there would not be low volume! There would be a lot of turnover in the stock! They have been holding, and they are waiting (for a very long time I might add)! I am tried of this company blaming the share"holers"! The company should thank their lucky stars there hasn't been a share"holers" suit! There is a treasure trove of things someone could sue over here. They could start with Mika's severance package not being at arm's length nor in the share"holers" interest. You can also add the share"holers" anti-takeover agreement that existed for many years when the company was called Tegal. The BOD is not independent and acting in the share"holers" best interests. My God how many more are there? Wasted acquisitions outside of the company's expertise, and so on! Stop blaming it on the share"holers!!!!!!!!!!!! If they have anything that is weak it is their will to sue. EQ
How many buckets of water are you willing to throw into a poisoned well to try to make it good? You might be right about everything you have posted here but one BIG thing, Mika. With him still on board, the well will always be poisoned. Check out his severance package BTW. I don't know if it has been changed lately, but the old one would have bankrupted Tegal had anyone had the courage to try to get rid of him. EQ
Cash burn and dilution: Only $2.8 million in cash left with a burn rate of around $1 to $1.1 million. Frankly, it does not matter EXACTLY what the burn rate is. That's because Mika will not wait until the last second when money runs out to sell more shares. Dilution is right around the corner! He did two reverse spits on the share"holers" with Tegal. So he has that "solid management" experience to do so.
New Agreement: It is a "non-exclusive" agreement, meaning it's no big deal to either party! And there were no financial details released of the agreement in the earnings report, as usual so how can you tell what it is really worth? Just like the LIFE agreement that everyone thought would propel this thing to the moon.
Share"holers" weak hands: Some here are blaming this stock's performance on weak hands. Sounds like Mika, blame someone else and move the attention. If this thing was a golden goose someone would have already bought the golden #$%$ (continued losses) by now.
Mika: Loves to put out PR's just before earnings. Did it all the time with the Tegal system sales each quarter. He also caused many a good talented person to abandon a sinking ship early on, so look for that same pattern to show up once his true personality traits are known. Always just a few quarters away from the promise land and just a little bit more time and money is needed. Tegal ended up with over a $100 million in losses.
Summary: Add it all up and you get a perfect opportunity to hype this stock. Challenge that and you will then get the true personality of Mika to show up as he did with me years ago. He is all about hype. Go ahead and invest if you want. I have been waiting for him to prove me wrong for almost a decade now. People get lucky at some point. But, under no circumstance should you EVER consider investing your house in this stock or any sizeable amount of your fortunes to date. The devil has a better track record at making money than Mika. EQ
I'll say Amen to that. Heck, I'll even come and sing it! Yahoo should show the funeral service date for this company in "Company Events" after earnings tomorrow. Dilution is just around the corner and someone on the inside dumped all their shares from a timed PR and just before earnings. But, you will be able to use all your diluted shares to wipe your eyes at the funeral. This stock is not about weak hands. It's about people with slashed wrists who know the history of being promised the promise land just one too many times now. EQ