Kodak just got out of bankruptcy... and they call it a partnership, but that's just corporate jargon. UNXL is a customer. As others have pointed out Kodak is willing to take some chances in the hopes that their name can still bring value. Truth is Kodak is just a shadow of the company it once was.
Agree. I'm no short, but this is exactly why price is down today. We are left to assume the PO is a token amount. Still good for day trading but I won't hold long unless they really "execute"
You really think this is just manipulation?
I bought a new all in one the other day. I don't remember seeing any Dells in the store.
Nothing wrong with the call per se, but as a long investor I'm glad I'm not in now, and I think there's plenty of time to get in later, if they ever really deliver. One thing that caught my ear was when he said they expect to have a small footprint in the industry. With all the risk in this ticker right now, that puts some question into the potential upside
Yes I caught that.. Vaguely answered the question by inference. Not direct and clear. Which by itself is fine, but it is a pattern with this co.
The company is vague and cryptic about everything. They never meet the goals they set. Even this PO of unknown size came late, since he appeared to have promised it in October. Even those few days were more than enough to squash any positive effect it might have had. If they had released PO news in October it would be a whole different ballgame today. Anyone following this stock on a daily basis knows that is true. The CEO absolutely should care about the stock price and consider timing news to greatest effect. If they held it back then they missed a chance to build momentum. If they really had nothing to report until right before cc then they missed their goal. And it sets the impression that they're trying to cover for weak earnings, which is unnecessary because nobody expected earnings until at least the next qtr.
PO size unknown... Why? Did they get the waiver? I guess so, since they announced po... but it wasn't actually stated, and nobody asked. The frustrated investor was the star of the call, really. Reed is right, all they can really do is post #'s in order to prove themselves. Until then it will be a rocky road.
I think the selloff is tepid right now. Pre earnings jitters or whatever. For some stocks 5% in a day is a catastrophe, but as you know this could go up a lot more than that.
The water cooler effect would probably not hit suddenly. I think I'm reading it correctly... someone dumped shares this morning, not realizing their order would actually impact the price by several %. (Happened to me once, not having much experience with stocks that trade at such a low volume.) We are close to earnings, so when people see that the price has gone down they assume it has a meaning and it creates a small selloff. Volume was pretty low even after that anomalous dip this morning.