The posters on this board are as close to useless as you can get. Do you all not know that there is a history of your posts and how obvious it is that you aren't even intelligent enough to be consistent in your dribble? You all really need to review the persona you are supposed to adopt when you post to the various boards as you are obviously mixing up your roles. Not that anything you post would ever fool someone into thinking you have any clue about this company or have anything insightful or intelligent to say but you can at least humor yourselves into believing someone does if you'll keep your roles straight.
Careful there Billy as I'm sure you as well as all of us were MORE than "absolutely shocked" when the summary judgement was granted which in my mind was far more unlikely than being denied this appeal. The only consistent and reliable thing about this company is that they disappoint. We are all still hopeful (and probably stupid) that things will change and with it our just rewards realized. But until then any absolutes in the way of good news with this company is a dangerous road to travel.
Good questions but you won't get any answers from these guys, and whatever they do tell you is just cheap talk, which is why they have no credibility with me. And certainly none of the "questioners" thought to ask any of this during the 3Q conference call or presentation this week. That's why the play here is just to hold for a sale (hopefully quick) and make the best of what you get.
BTW, Best Buy just used the "speed bump" analogy for their crap quarter. Seems to be the go to term for failures.
You know the problem with posters like you is you speak around the edges implying insider-type knowledge but never get very specific. Makes you no different than the company and IB. All nothing more than sweet talk without the walk.
Personally I feel that you do know the space and are sincere (as much as anyone can be on these anonymous boards that is) but again, as they say, the proof is in the pudding and if you do know the space so well why were you caught off guard by TCPA also?
In any case I already posted that holding for a quick sale is the best path choice at this point and already said what you did in that the company's "real" value will be reflected in the sale price and not the stock price. So given your "certain" knowledge let me ask just HOW MANY companies have proffered a legitimate buying interest? HOW MANY of those companies are well-known big players? And lastly define what you expect will be the "decent multiple" above today's levels?
The only thing missing is good information. And you're not getting anything close to that from this company or its CEO. So you are operating and making investment decisions in the dark. Not smart. You have 4 months while you await what has already been announced as a flat 4th quarter. Any guess as to whether it will actually be flat? I know what I think the actual will be.
In any case the best advice is to hold at this point and wait for a quick sale which should be at least double the current price. I'm sure a lot of ghoul buyers will be fighting over each other to buy this company and with the monumental failure that is IB now being revealed to the world any hubris on his part to sell the company at what he thinks it's worth is now long gone and he will be very open, at the insistence of the board also I would imagine, to bail. So that is actually a good thing as the "real" company value still far exceeds the stock price. So wait (and hope) for a quick sale to end what has been the misery of owning this stock..
Reconcile? It's obvious by now, as I mentioned in my post last week, that all these guys do is talk the talk and never walk the walk. And this was the quarter for them to do otherwise and instead, as usual for these guys, another disappointing quarter and another prime example of why you can't believe a thing these guys say. I am renowned here for attacking all of their PR's as 'fluff" yet based on their results it only proves my point. Where are all the great revenues that would attach to these fluff PR's to dispute what I've been saying? What excuse is there for no comment on the MM settlement yet a fluff PR on some damn lottery type game that had already expired when they released the PR.
Fact is we as shareholders don't know what to believe with this company as the results not only belie our beliefs and hopes but also the comments from the very people we are supposed to (and need to ) rely on. Makes it tough to make a sound investment decision and now how in the hell does one decide what to do?
You've got 4 months until the next disappointing earnings release as it is the year-end report and that's a long time for news blackout, although I'm sure a couple of fluff PR's will materialize. Thing is there is no reason to believe that the four month wait will yield anything other than more disappointment, at best.
Right now this stock is only a play for a quick sale before the inevitable #$%$ hits the fan (more dilution, Yahoo appeal denied, etc). Not a great place to be for sure.
Well that all depends on if they disappoint as is their norm. This quarter is by far the most important in their history and the rev number sure as hell better be at least well over $10ML. Anything less and we'll see a stock price tank and an added black mark on the company via their mouthpieces who never walk the walk only talk the talk.
With December in the bag by the earnings release date we'll need the Daily Double of $10ML for the third quarter and reconfirmation that the $34-$35ML annual number will be hit for this one to finally end the permanent downward spiral and start to move to the levels we've all been waiting for. Anything counter to that I'm afraid will not be pretty and will be quarters away from seeing any possible turnaround.
So place your bets before or after but you better be getting odds that more than justify the risk.
Should start to see the climb upward with the four trading days after Christmas and then a nice move starting in 2014 leading up to the earnings release. If it isn't a bust (typical for this company) we should avoid the tank job that occurred last year after the earnings release. In any case we all hold our breaths looking for the $11 million quarter to materialize.