You make a good point. However, you and I and the folks here are not lawyers or understand what can be prosecuted. Is it simply a matter of being stupid or a lousy manager? Or was it a continued pattern of actions to defraud shareholders for personal gain? Again, we don't know everything or where the line is. All I'm saying is that it may be worth some time/effort to investigate what the options are, the cost, and the downside. Maybe there is no downside, and like all of Frank's lawsuits that were thrown out by the courts, Wise can get the courts to invalidate the hurried indemnification ratification that was done at the last moment? If that happened, and Frank were potentially on the hook personally for damages, there might be a quicker less costly route to settlement which is more beneficial to the company.
no jealousy at all - just stating the facts that you 1. called JVA a value play under $5.50, 2. you banked a loss of over $5k selling JVA below $5 and 3. JVA is now trading above $5.
on top of all of that, for some reason you now camp here only posting trash about the company advising everyone to sell. why is that? it's no longer a value play below $5.50 because you sold the shares for a loss at $4.99?
you are pathetic - do you understand that your ARNA, CEMP, and anything else means absolutely nothing here, only what you said/did regarding JVA? what's the matter - got no friends over on the ARNA and CEMP boards so you camp here?
what's that - $100 million worth of future taxes? that's more than the entire market cap today. seems that is something a potential acquirer might want to get its hands on.
you sold your 22K JVA shares at $4.99 which were purchased for an average $5.25
interesting why you keep posting here...need to continue bashing it now that you've sold for a loss? it would be terrible if the shares were to go up past $5.25 now, wouldn't it?
since you were nice enough to provide CSPI, I'll offer up EVOL and CCUR in return...they can both be volatile, so don't shoot your wad all at one time - buy small amounts as they trend lower.
Karen Singer is an asset - a review of what she's invested in, how the companies perform, and the returns they provide to ALL shareholders says so. You did not point anything out - only what you personally did not know.
Look for the other majors to begin sniffing around SNTA.
ANN ARBOR, Mich., Jan. 12, 2015 /PRNewswire/ -- Picometrix®, LLC, an Advanced Photonix® company (NYSE MKT: API), announced today that it has successfully completed its annual negotiations to supply high-speed optical receivers to a leading OEM telecom systems customer. The company estimates 2015 annual revenue from these negotiations will be between $3 and $4 million.
You stand by your first post on this thread? You checked into this company but are now walking away? Interesting how you left out "I invested in this company" but instead said "I checked into this company" - isn't it?
As I said - go check EVOL...two years ago you would have posted the same thing - Singer owns over 20% of the company and yet the shares have doubled and paid 8% annually on the original amount, increased the dividend along the way, and the shares have doubled.
You might want to re-evaluate what you consider important in your analysis. There are larger more prominent institutional shareholders than Singer here.
Now walk away.
Have you read any of the quarterly reports over the past year? Read any of the SEC filings? Listen to any of the conference calls? What I don't understand is how anyone can be surprised by a bankruptcy filing at this time. Management gave many, many clues of what was coming.
Seeing your posts, you are correct that you should stick to index funds because you aren't able to perform the proper analysis to understand what to invest in and what to stay away from.