Nobody trusts what these guys are saying. They have an undending string of quarterly losses. Looking forward this must get worse. The only two tablet makers that were using ACTS chips were Ramos and Ainol. Both of them no longer use these chips and moved on to the bigger suppliers. ACTS has zero chance to compete in the SoC business. The longer it takes the management to recognize this fact, the longer the string of quarterly losses will go on.
They need to close down the money losing operation and rent out the building to get some real income. This would double the stock price immediately.
Finally somebody stated to take the reckless management of Actions to task. The current management is totally discredited. They must leave. They own less that 1% of stock and engage in some shady deals to enrich themselves at the expense of the shareholders.
We must all support the legal action by Accretive Capital Management to rescue the company.
The management has zero chance to be successful in SOC market which is dominated by the big boys. No tablet or phone makers will ever use chips from this little company. I wonder if there is a legal way to force these losers to shut this circus down and save everybody's investment?
Totally agree. When the management finally throws in the towel, the stock will double. The only questions are when will they do this and how much money will be wasted before they throw in the towel.
I wonder how many people read this board?
My statements reflect what I believe. The management needs to wise up. They are in denial and on an illusion cloud that they will make it big with SOC. NOT A CHANCE. Too late for this. if there is a challenge to the board by Accretive Capital then all stock holders should vote for the new guys. This is the only hope for this stock to recover.
Time for Actions to make and sell SoC processor chips is long gone. The market is divided between companies like MediaTech, Intel and Qualcom. MediaTech is hundreds of times larger than Actions and is build into many of the Chinese tablets and phones. They used to be only in phones so maybe Actions had a chance. This time is gone. Other competitors also have 64 bit processors. Zero chances for Actions to beat Mediatech in tablets. There are also smaller, 2d tier manufacturers like Allwiner and Rockchip. These are also in many Chinese tablets. Actions is way behind them and no chance to catch up. Actions were in only two tablets: Ainol and Ramos. However they lost Ainol due to quality issues and I think that Ramos also is not using Actions any more.
Actions could as well to decide to manufacture cars or airplanes. They also would have zero chances to break into these markets. Nobody in China takes Actions as a serious manufacturer of processor chips.
The management has to wise up and stop wasting money. Good manager knows when to cut his losses and get out of the losing battle. Actions must get out of this fiasco as soon as possible. There are other good businesses in which the company can invest. Open a restaurant or just keep the money in the bank collecting interest. Anything is better than this endless bleeding of cash. There are about $3 per share in book value. One decision by the management and the stock price will double.