There are less than 20 mil shs out.. They have between 60 to 100 mil in annual sales with an approx 30% GP. That's 3 to 5 dollars p/s per year in sales. Op expenses about 25 mil per year right now. All we need is a really good management team and to get sales on an upward path. Break even should be about 90 mil. From there it could get very interesting. I did buy a little and waited 31 days to flush some of my high basis shares, keeping my holdings the same while offsetting gains from other stocks without the wash sale rules biting me. Now I will just have to wait. This stock is still interesting to me, but it has been and may continue to be a long slog.
I am also positive on the new mgmt team. We are. however, in a very low period here. Every new leader is excited about the product and potential. The question is whether sales expectations can ever be achieved. It is encouraging that the micro grid may be a new core application, but this will definitely take quite a bit of time. I wish I understood more about their intellectual property and how well they are protected after all this time. I see a long wait for these answers.
It was 10 or15yrs ago when I first invested in active power. It was then just a startup. Looks like it still is. Here we go again.
Down 12c AH, but just afew thou traded. We'll see tomorrow. I can't see how this news is worse than what was already known.
Sounds like a .04 eps hit total. A set back, but not catastrophic. This is a setback for the company, but I believe we will get over it fairly quickly. Some very qualified people are coming in and they are aware of the situation. The legal question is who knew what and when. Sound familiar? The legal problems will linger. The lawyers will flood the company with document demands for every communication for years and threats. I have personally experienced this parade and it can upset operations. Hopefully, the attorneys and the board will shoulder the burden, and the new team can pursue the future operations.
Yes. I normally don't mention other stocks, I only did it to give an example of a reverse split that actually turned out well. It has been an incredible investment but the party could be over. We will see if they have really solved duchene muscular dystrophy. Their anti-sense gene research technology is very interesting.
New v.p. of sales brought in. Appears to be Ascolese's guy. Olsen has been with them quite a while and I can't tell if he is continuing in another capacity or is gone. Hopefully, this quarter will not be a disaster and we will have a fresh look going forward. I went ahead and added a little at 2.90. In this case buying the bad rumors hoping it will go up a little on the lack of bad news. I guess I'm a hopeless optimist. GLTA
Nice work if you can get it. Sounds like a few small concessions on shareholder's rights were made. Would love to be a fly one the wall in whatever undisclosed location these agreements are made. Tsw and a few others probably wise to exit. I love losing money so I just sit and watch.
One thing that has me confused is that with the large insider ownership and the low volume of trading, it seems to me that the number of shareholders making transactions during the period in question, the class size would be very small for the class action lawsuit. I think the blood suckers are mainly out to tap the insurance with a settlement, and as usual the shareholders involved will get a pittance, and the lawyers will profit. Welcome to America where the lawyers troll the system, but an individual can hardly get representation for small matters.
There are many stocks that I would not be interested in, but I never post messages on their boards. Why do you bother?