Issued and outstanding shares w/become 25M when the 1-for-4 reverse-split is effective. Authorized, and available shares to be issued, when filed when filed w/ the SEC, becomes 250M from 1B.
That is the very reason to Vote in favor of the VIEX slate. The company's treasury is rich, but shan't be with the current business model. VIEX, et al shall quickly rationalize the business, while maintaining the balance sheet. Growth for the business shall follow as the foundation for a better business model is laid and executed.
I speak to Clark periodically. He has purchased additional shares, despite having quite a tranche bought long ago at much, much higher price levels. I like the gentleman, and trust that he is doing all he is capable of to see the company find great product success. This is the moment to acquire as many common shares as is prudently possible. He, and I, and all of us, I suspect, expect the company to very well this year.
JSDA will likely improve incrementally, and over time, the share price will reflect that. I do not expect runaway growth, but a steady path of improvement. Flexpoint Sensors Inc. is a different animal, altogether. The company is poised for accelerated growth over the next few months, as their long efforts for sensor applications with a variety of customers meet with full production. FLXT has indicated facility production of up to 20m sensors annually. I have had contact with the company over the last four-years; have witnessed the transition, and now, have added a large common-share position.
Have witnessed the ongoing developments at Flexpoint for several years, now witnessing a transition to quickening revenue growth as their efforts for certification among several applications result in firm orders. This company, if you have been following, is a no-brainer for accelerated stock price appreciation. Fortunately, few are following it any longer, so it is easier to make stock purchases at an attractive price-level. Indications are, that they will ramp production to sell up to 20M sensor applications to the variety of customers they have been working with over the past 36-months.
Adding shares of FLXT in haste. SCON is a buy on the dips, methodically, but conservatively.
Continuing the course of business will result in further destruction of share-owner value. That is unacceptable. Equity have been in a free-fall since 06-13, with no end in sight. The business model needs rapid acceleration, or a deliberate adjustment to put operating costs in balance to revenue, that we are cash-flow positive, and demonstrate additional value to our equity. VIEX has put at risk much capital to gain control, because they want to maximize share owner value in the immediate future. Likely, through a transaction with another party. In any event, VIEX acts with urgency, recognizing that the current business trend is unacceptable. I am inclined to vote VIEX and urgent change to the course.
We all know to what I refer, but a bit of skepticism still casts a shadow, albeit waning, over UVE. We also know, that over the intervening time of that report, and today, its expressed concerns have been discounted through continued company success. Human behavior, as illustrated to see no dollar, where a dollar exists, makes these UVE common shares a steal.
UVE's new model for selling insurance policies by online representation, reminds me much of Geico in the early '80's. Both, pioneering distribution of their products through new avenues. Further, it would not surprise me to witness an involvement with UVE by Berkshire Hathaway, sometime in the future. An excellent fit to their family of companies.
EMC wants the Unity Mark, but IMN filed for protection of the Mark long before EMC. IMN's Nexsan Unity storage system is quickly becoming recognized for its flexibility and service. IMN has amarket cap. of less than $70M, and cash equivalents of about the same. So, I am baffled by EMC's court filing for protection of the Unity Mark, when it would serve EMC far more easily to purchase IMN, outright. Ego, followed by stupid decision making, sometimes, prevails over direct benefit to its own interests, its share owners. We own the equity; we own the company; we create the decision path for our company. Wake-up mgmt.! Do the easy. Do the sensible.
Take time to listen to the latest CC. Our capital position, and ongoing business, has intrinsic value of $110M.
Further, Nexsan Unity, is quickly becoming a recognized leader in the information-storage industry. It is growing at a rate far ahead of its competition, despite the industry consolidation. I fully expect common shares to reflect that. $3.22 per, is closer to present full-valuation.