An adjustment must be necessary, otherwise the management plus board destroyed the trust in the corporate governance.
Shorties are going to triumph, when the CEO is not changing the direction. That is so stupid.
10 Mill Shares for 1,50 USD private placement = share price is over 5 USD
Sentiment: Strong Sell
Share price is going down. Volume disappeared. Shorties are in the lead. The company must change the direction.
Sentiment: Strong Sell
Chairman Sachs must recognize that the company must save money. The best way is to fire not successful employees like COO Loren Buck.
This news is garbage. I read everything before. What is the management and the investor relation department doing? I can not understand that !
The private placement share price plus share numbers must change. The company must save cost or is increasing the revenue margin. Slowly i think that the best is changing the management again plus the board.
The stockmarket knows the program in 6 month 6 new products from our CEO Michelson. That is not new. RMGN needs new product sales plus new innovations plus cost saving, that would be something new. The private placement share price change plus share numbers would be new too.
august1552, that is a great story. I asked me several times, why has not Novatel tried to set up his own mobil company and selling the MIFI with his own data package to use. Like a telecommunication company! Novatel can sell all IoT products by himself with LightSquared. The company has been delivering mobile satellite voice and data services. That could end very very huge for all of us.
MiFi brand of mobile hotspots selected as secure solution for connected education programs, empowering students everywhere with Internet access.
In the 3Q14 Novatel had 13 Mill USD expenses. My simple calculation has 15 Mill USD in expenses in 4Q14.
Needham Growth conference Alex told revenue a little over 200 Mill USD (I hope i understood it right). In the three Qs in 2014 we had around 130 Mill USD in revenue. That is 70 Mill in revenue for 4Q14. 26 % Margin brings 18,2 Mill USD Gross Profi minus 15 Mill USD in expenses =
3,2 Mill USD in profit
3 Billions people have internet connection at home in 2015. 7.2 Billions people live in the world right now. First the management should try over government programs reach the poor people in Asia, Africa and South America. Second the security fact is becoming larger and larger. The Mifi is a secured platform to use internet. Third the Mifi is integrated in the SA 2100 the next huge device for Novatel.
I do not like the cost to use the Mifi in USA. It is still too high.
Sentiment: Strong Buy
sierracrashnburn, i can not understand you.
Then, with no other company apparently wanting MiFi, miserable share prices and a poorly settled class action lawsuit, activist shareholders lobbed a rip-roaring fiery letter alleging Novatel had been mismanaged. The company booted executives and directors and installed new ones, and even replaced its old “NVTL” stock symbol with “MIFI.”
With the letter can only know you.
Connecting an Internet of Things
Novatel Wireless brings MiFi Technology Platform to the Internet of Things and M2M with the first aftermarket solution for connected car, connected home router with voice, and a MiFi Powered M2M LTE gateway, the SA 2100