Might get surprised on how much of the Canadian cash cost didn't go away.
I agree with dot. They need a winning new product. The market should grow and help stop their declining revenue but that won't make them successful. Also the holiday season might be a bust if they don't get into some retail stores. That is where people see what they end up buying online.
Trying to get an idea of the potential risk here. Recently around $1 has been as low as it has dropped but that price still includes some belief in their patents. Recently it has been rough times for IP companies.
Probably people like me that as the price drops are selling to protect their profits. I sold last time at $6 and got another opportunity to get back in at $3. I doubt if we see $3 again but I am happy to take some profits and get back in later.
I am not the one driving it down but I did sell more when it hit $4.00. It would be fine if it keeps dropping giving us a better buying opportunity in the future.
Very questionable calling sub 70 cents a stupid price. Only a few times in the past 3 years has the price been greater than 70 cents and recent income statements do not indicate that the company is improving. The company might soon see a turnaround and make today's stock price look great but who knows. I have been watching this company for a turnaround for over 2 years and am still watching. Actually buying after the price goes to 70 cents might be a better buy because it would be a good indicator that a turnaround is actually going to happen. If a turnaround does happen you will be able to make good money even with a 70 cent price.
I worse about missing an OIS announcement but I still have plenty of HTCH and just wasn't comfortable with the amount I have when the price was getting weaker. I will gladly buy back at higher prices if they show more signs of actually becoming a very profitable company.
Unless they can raise fees the check depositing business won't make this company a good investment but it should keep them in business and give them an opportunity to develop other uses of their technology.
Smart move to sell while people were buying. Once the Lehman possibility disappeared that left them with nothing but their new business model. Their business burns cash that they don't have so they are staying in business by taking loans and giving stock options. Even if the company eventually succeeds, will the needed dilution have been small enough that current stockholders will have made money. Current loans have been very reasonable but will that continue. I have been in a few companies that needed money to continue and they had to basically give the company away. Old shareholders ended up with 10% or less of the company. One company ended up with 900 billion shares and my tens of thousands of shares weren't worth the commission cost to sell them. Another company kept outstanding shares from reaching crazy numbers by doing a 20,000 to 1 reverse split. Not saying this will happen here but a company that needs to keep borrowing to stay in business and doesn't have a viable business is definitely a big risk.
I haven't followed this company for long but a Yahoo chart shows much lower all time lows. Do you know what you are talking about?
I like your reasoning and it is impressive that the company is cash flow positive during a software transition period. The big issue is this is a show me company since they can't be trusted.
Triple is possible if their new software sells like they say it will but I don't trust them. I have been burnt by them in the past. I probably will buy if their revenue starts actually growing.
I won't fight the downtrend but will be watching to buy. I hope a buyout doesn't happen before I buy.
Amazed that nobody has given up and sold their shares. No good news while this financially weak company keeps burning cash. Either everybody is a believer or nobody is willing to take the price drop that would come from any volume sale.
Should wait for their new software to start selling. Might miss a nice price increase but if their new software does sell well there will be plenty of price appreciation left.