Whatever happened to the game changing deals. They seem to have to gone the way of the stock buybacks.
Unless I missed something, the only announcement they had was an implementation. That might bring some revenue with it but I don't think it constitutes new business. They are going to have to go to the dilution ATM and hope there are enough suckers to keep this going until sales can actually pick up.
They will probably announce a buyback like they have done at least twice in the last few years. The last time they announced a buyback they announced the issuance of new shares within roughly the same month. The key to their survival is that there will be enough suckers to keep buying shares when the run out of cash and have another offering.
I think the reality will be a lot closer to needing to sell shares rather than buy. The announcement will likely be in the next few months if the pattern holds true.
They missed earnings 2-3 years ago for a big upgrade. They are just recycling the same excuse to either the forgetful or to new suckers. This is not something that took anywhere near 10 years.
These "rumors" have been posted on this board for years. This is just made up BS from people assisting in scamming suckers out of their hard earned money. Nothing like working with the liars running the company.
They at least list more employees now than they had a few years ago so I assume they hire some for some of the positions posted. The job opening pump has been around awhile and I wouldn't be surprised if it were one part scam for every part that it indicted business expansion.
Considering the downward spiral that his stock has taken investors over the last 15 years, buy later would not make much sense either. It is just getting on a ride that is likely to repeat the pattern of continuously going downhill until they can no longer convince people to finance their mismanagement.
You have been pumping this for more than 10 years. A contract announcement could happen any time. Given the cash burn from all the new hires, a stock sale announcement is more likely.
If you put "buy now" in the search box for this board, you will get countless messages telling you things like "BUY NOW WHILE CHEAP" . The problem is that the share price has dropped preciptiously since these posts and will likely do the same with the current rendition of "buy now".
Look back about 2.5 years. They had a huge drop in sales due to transitioning to the next generation again. They keep doing the same things over and over to dupe share holders. If you really believe that the new product is a "Game Changer" you probably will believe them when they announce the next stock buyback.
This company is not really very original in there ability to make up excuses for the lack of execution. Remember the drop in sales a couple years ago due to the NFS cloud version not being ready while the old NFS version was selling slowly because it was being fazed out. This is a scam in so many ways and this is just one more.
The job posting ruse has been going on for years. If there were a cause and effect relationship, posting jobs would seem to have a negative impact on the share price. This is just one example of pumpers claiming that posting jobs means a bright future.
Based on the content of your analysis, you seemed too smart to own this stock. The fundamentals often seem great and the insider buying is always enticing. Unfortunately, management has shown that time and again, they can not be trusted. Good luck on future investments and congratulations on learning from the experience here.
If you think the secondary is a bit much, look at how much cash they had prior to the last secondary. Look at the details of the 10Q under "LIQUIDITY AND CAPITAL RESOURCES". It is discussed that they need to raise capital. Although they do not state specifically how it will be done, given the company's history, dilution would have to be the leading candidate. They are getting cash flow from operations but this does not cover "investment" needs. Remember that until the software is ready for sale they consider it an "investment" when they pay for development. That means that paying all the new hires is not an expense but an investment. As such the cash does not come out of operating cash flows but out of investments. Because of the way they do their accounting, the operating cash flow can remain positive while the free cash flow is very negative. My prediction is that they will dilute within the current quarter.
I think that is what they said. I just wondering what happened to all the other game changing deals that were supposed to happen this quarter.
Listen to the conference call. Game changing deals are still a ways away but at least they have a new "game changing" product.
In a scam like this it is impossible to know what their motive is to buy shares. They could be taking funds from a subsidary once in a while and buying shares then siphoning money off to the subsidary so they can do it again. Based on the companys history the purchase of shares is likely a ruse and doesn't mean confidence in the company.
The insider buys are just part of the ruse. This scam has been playing out like this over and over again. Why would you expect anything to change now?
How can someone, who has been pumping this stock for the last 10 + years, call someone warning people about this scam a loser?