I know several engineers who are concerned about losing their jobs if the company is sold.
Really? I bought my KO shares in 1995 with a cost basis of 10.52. And I've enjoyed the dividends for years which have paid for many very nice vacations. Do you really think that $1 million is a lot of money? If you do, YOU don't belong on this board, because you're either a moron or a troll.
...who will pay $10 billion for the company. GOOG? AAPL? HP? Someone with cash to burn for the patent portfolio. I think that is a lofty price; but you never know. People at BBRY tell me that Chen is there to turn things around, then sell. That's what he does.
Very disappointed in the executives running the company. If I don't see any improvement in PPS by next earnings report, I'm moving my money to other blue chips with better potential.
The rumor I heard was around $30/share. But then again, it might just be wishful thinking.
either INTC or AMD?
I've emailed, tried to call, and went by their offices. Either all these employees and managers are ghosts, or they are very busy out in the field. I'm hoping the latter. As to a lawsuit, I'll go it alone, IF I decide to go that route. We're talking my return of the original investment, attorney fees, and some extra for fraud if it turns out to be the case. At one time, Ed lived in the most expensive house in El Dorado Hills. I almost bought that house (all 10,000 sq feet with a garage for 20+ cars) myself when it dropped almost half in value during the housing bust.. I'm sure Ed's got some money squirreled away somewhere that can be tapped. And if necessary, we'll find it. I got into this penny stock because someone who knows Ed said that he's a stand-up guy who is trying to make a go of it again, and that he needed investors. I'll give him the benefit of the doubt until the end of he year. Then, we'll see...
So I went again to the offices of MYEC today, and guess what? AGAIN THERE WAS NO ONE THERE! Sign on the glass side panel that said MyECheck, but the door was locked!!! And it certainly didn't look like 12 employees, as there press release on 8/13 said, were busily working away. Could this be a true pump and dump scheme? I am seriously beginning to think so. If this down draft continues, I think I'll have my attorney give Mr. Starr a phone call!
I'm done buying. Not trying to scare anyone. Just drop by to see what their new offices were like, and to maybe introduce myself to Ed. Problem was that nobody was there, and the vast majority of cubicles were empty. The door was locked. I have tried to call; but have not gotten to speak to a live person. It "looks" like a start-up. But even start-ups have someone in the offices, given that they said they hired about 30 people. So my question was, "Where were they?"
And your point is? What does your comment have to do with DD or investing? I stand by my former comment -- YOU'RE A MORON!
Very serious! Management has put itself BEFORE investors. When they do this, they become complacent, because they know they will be richly rewarded no matter what they do. Personally, I am considering a class action suit against KO's BoD for breach of fiduciary responsibility. Anyone else interested?
If Buffet hadn't agreed to the outrageous compensation packages for KO execs, KO would be trading over $50. But Buffet didn't have the balls to vote NO! Our profits would be far greater if not for the greed of KO 's management. I say, let's oust the entire lot of board members and execs at our next annual meeting!