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
"So, you're exactly who I thought you were" A Mr. Know It All that knew nothing about me so he had to ask and then it turns out I was EXACTLY what you thought! Over self confident, much like Mika himself. And not a bit like one who could accept losing your investment before trying to protect it by getting others to buy from your hype. Why not just stay silent and make lots of money off Mika's HARD work like the really rich people do? Why do YOU have to preach sermons from the mount all the time? And sorry, Mika is well beyond failing "once or twice" and has not yet stopped "suck seeding" people's money in the process! Maybe, when hell freezes over Mika will get it right. You are right, every one gets lucky and I even wrote that line before. But, at this point a smart investor will realize that they need money NOW! Mika is no dummy! He will raise money shortly with a secondary and dilute investors money. That is a better time to buy. I am surprised he has waited this long. But, the past points to that will not be the end of the process. The process is this: Bring in good people with FRESH promise and do a secondary. That buys him more time salary and benefits. He loses their money and the stock goes down under a buck. A reverse spit on the share"holers" of 12 to 1 the first time to avoid delisting, then do another secondary. That process is then done over again with only a 5 to 1 reverse spit because he can then sell off all the intellectual property that is no longer intellectual after his reign. I'd love for you to face off against Mika some day. You'll stop joking about the Bible then when you realize who he really is. He is nothing but evil and I hope you become bed partners some day. Like many good talented people of the past who found out he was not the same and left the company. Good people CAN eventually get it right. But bad people never chose that path to become good. They can make more easy money being bad and stay in control. EQ
Something you do not either understand or accept. There is always two sides to any story. Especially if a story ignores the past and current facts. Been in your shoes long ago, waiting for the mother load that never showed one disappointment after another. But, I never ever gave people a false hope in my posts. All I asked for was "a reality of worth" to show up some day and it never did. You have no idea who Mika is, or what he did in the past because he is still doing the same thing and they are still lining up to give him money. I just want to make sure those in line understand what the risks are. You do not bet the house, or back up the truck with Mika! It's that simple. Life and investing is all about risks. And currently there is great risk that any investment in this thing will be diluted shortly, and even worse will be a big fat writeoff in the future. There is the saying you buy when it is a dream and you make sure you sell before it has to become reality. Well, with Mika reality set in a long time ago! You can ignore that if you want, but others here should not. That is why I am here (and not very often I might add), unlike your frequent postings talking about the dream side of things. If Mika could make money we would not be having this discussion and the stock would be much higher today on that dream. But most in the market know the reality of the situation here or they would have already bought the golden goose with no wings. You might want to look back and see the words Mika used to promote the solar industry venture with Tegal. Or the same story about Nano etching and all it's promise. He is good at pointing out the promises like you are. But sooner or later reality sets in and it all gets down to numbers and money. You would think Mika would know that being a CPA. As one to another, I am still waiting for him to prove me wrong. He said he would and I am still waiting. Not risking $1 dollar while waiting though. EQ
Well if he or she did step in you would need to watch where they step so not to track it all over the place! This place is a port-a-pot full of mirrors! Always has been! 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
At this time I would like to turn the call over to Mr. Thomas Mika, CollabRx Chairman, CEO and Acting Chief Financial Officer. Please go ahead, Mr. Mika.
"ALWAYS LOOK ON THE BRIGHT SIDE OF LIFE!"