I agree with you. The stock market is all about being careful with high profile companies and finding stocks that fly under the radar. If you can find a little known gem, which this company might be, you have to patient .
I have no position in JCP. Retail stores need large sums of money to stay in business . This company is hanging on by their fingernails . It wont be long before vendors will be afraid to sell them because they have to be paid within a reasonable time frame,. If they have any doubt they wont be paid, they cut their ties and move on.
The best part of the pumping was when they showed the store. It was empty nobody shopping there.Then they showed a customer one person purchasing something, This reminds of interesting story of a women who 30 years ago went to the office of Merrill Lynch The broker recommended that she invest in Woolworth Department Stores . She said wait a minute, She ran downstairs walked into a Woolworth it was empty. when she asked the broker how he could tell her to invest in store that was void of shoppers, he had no answers which proved to the wise women that these guys are just con artists salesmen.
This man has done the impossible. He took down one of the greatest companies of all time with mistake after mistake blunders after blunders products with that have glitch's on and on talks about smart TV's almost every company has had them for year's . A monkey could not have done a better job then he has. He is also arrogant about as well. What a country.
They were too early when they invested in solar and lost big time. They refuse to recognize the future for solar is now.They want solar to fail again because they missed the boat .
Never bought this company. Have negative on it from the time Forbes wrote it's first article. Has no assets and will go belly up then lose it's case.the stock price is being driven up by the insiders. this company has no revenues and no chance of ever making a profit. They are just delaying declaring chapter 11 as long as they can, in an effort to find a new investor..
The flush sound is your money going down the drain.
Anyone who owns this stock is either stupid or needs a tax loss. They have no core business no expertise in any business. They don't report any facts about any progress in the core business that they are wasting stockholders money in. They will be in chapter 11 . At best they will trade on the pink sheets. The stock holders bonus will be a 30 to 1 reverse split. Defending this company is lunacy and borders on libel.
How could Iroquois with and income of $100,000 buy the shares needed to replace MGT's management. They want out not in. The odds are MGT wont report until they are forced to when the SEC halts trading in this stock.
Iroquois management and MGT management were working together because they are all friends. When the real facts of the state of this company after the accounting came in for the last quarter, they felt that bankrolling MGT and taking a shot in the dark on this lame patent would be a mistake. They want to cut their looses.
Why would they infringe when all he had to do was to sell his patent to a gaming company for it royalties, Your theory is a loaded with holes Keep believing this when MGT crashes and burns.
Iroquois is informing stock holders things are getting worse. They are the stock holders with the most to loose. Management has time to post on this board before they have to claim chapter 11.
Who are you. It's a typo Markman. You have a feeling that proves a lot. !0 year's to get a patent and you believe this is a normal amount of time for a person who knows what they are doing. He got the patent in error by the person who approved it. I have a feeling that you are a paid defender of this company.By defending this company it shows you are either stupid or just want to throw your money away. Everything about this company is smoke and mirrors. Note to self don't expect me to show a looser like you anything because you would not know what you are looking at. Keep sucking up to management .
10 years to get approved.Red flag, he had a problem.His lack of knowledge of the actual natural progression of the bonus rounds. He has no technical knowledge of gaming machines and the his patent was a well known and already used progression. What makes this patent solid. At the Markmen Hearing it will be the show me stage. You will find out why it took him 10 years to think of an already obvious theory.