Yep, 10K results posted today. As expected the goodwill adjustment wreaked havoc on what would otherwise have been a great year. No surprise there.
Overall, quite positive, I think (and with a nice Easter-egg baked in, ready to hatch soon.)
What was great was that the market did not react (sure the price dropped, but it was on near-zero volume and it was not an excessive drop.)
More on this later... The 10-K is quite a mouthful to absorb in the morning.
I, for one, can't wait to see the 10Qs.
What a day... so far...
Wall Street drops after comments from Fed. At the same time, MTSL explodes.
Now, MTSL exploded yesterday, too, but surrendered a lot of the gain in the afternoon, so I don't think it is time to count the chickens yet.
However, it is definitely interesting, and we will be looking at the third +200 shares trading session in a month, or so, which must mean something.
Well, I will bite since I am always trying to learn.
Assuming that what you say is true, then I would assume that the only thing you would achieve was to cause everyone else to put in sell order at $4.99 so as to ensure that their orders were filled before yours, and, so, your order would effectively be meaningless, which should cause you to reduce your order to $4.98.
So, what, if any, would be the rational reason for putting up a posting like that?
Well, these managed services contracts tends to be upside down at first, so it is going to be interesting to see the dynamics play out. The year's Simple Mobile commitment should make up for a lot of starting costs for the three other contracts, but, still, clearly, the tricks is to reduce costs under the Simple Mobile contract or build more revenue streams ASAP.
You wrote: "Company loses 25% of its revenue at the end of 2013."
Thank you for the public service announcement. I think everyone is aware of the termination of the Simple Mobile contract, and, clearly, this fact has already been priced in.
This was actually very clear before the last run-up, because the sale of Simple Mobile had already occurred, and even when the Supertrader (or Superpumper, frankly, I can't remember his name, except that his real name is Paul and he always says "I am a CPA so I can read filings faster than my followers" when he promotes himself on profitly) wrote all his SeekingAlpha junk articles it was clear that the Simple Mobile contract probably would go away. In fact, back then, the only issue was the timing.
The situation is now different, I think. The real issue is one of cost control and sustainability of the managed services model for the company's solution. If you think they will reduce costs and sell more managed services solution then there should be a genuine long term opportunity. If not, then the best you can hope for is speculation-fueled frenzy where you can make some short term money.
Oh, ok. Yes, I did, indeed, misunderstand you. Sorry.
On the thumbs issue, just let me know, and I will throw a thumbs up your way!
P.S. Actually, I think it is possible that the proxy will *not* be available before the deadline for "statement of position" by the shareholders (paragraph 88 of the Companies Law is a little muddy when it comes to the timing of it all.) Certainly, if the detailed proxy is not available before the deadline, it is hard to see how the statement of position can be meaningful.
As usual, we shall see, I guess.
So it appears that the proxy will come out soon (I assume it will be in the shareholders hand well in advance of the August 8 response deadline, otherwise, it would not be possible for shareholders to comment.)
In view of the termination of the Simple Mobile contract and the resulting cost pressure on the company, it is going to be very interesting to see what the proxy and the proxy voting yields.
Certainly, there are many issues that the proxy and proxy voting can answer, including the issue of what BOD members should be re-elected now that the company arguably has to be leaner and meaner, what the compensation policy should be for the management team and the BOD when the company is losing the multi-million dollar contract (should, for instance, the management team's compensation go down, rather than up?,) and what incentive equity related dilution is acceptable to to the shareholders now that the per share price has dropped to the level that it was at in August of 2012 (one could argue that dilution is unacceptable at this stage, and one could also, I think, argue that it inherently is unfair to issue options or shares with current market strike prices given that there are shareholders that are between 100% and 200% under water.)
Certainly, this is going to be interesting.....
I gave you a thumbs up. Hopefully, that will make you feel better.
With respect to the Diabsolut website, I would not proceed down the slippery slide of paranoia. I am not sure exactly what inference you are making, but I doubt entirely that the good folks at Diabsolut spends their day monitoring the Yahoo Finanace message board.
By the way, and just as an aside, I did notice that one of the executives cited Ayn Rand. That did throw me for a slight loop.
Sigh.. Really? Again.... Come on.... It is a beautiful summer day. Go to a park, sit down, read a book... anything but this nonsense.
For two days, the market tanks, and what does UNTK do?
After having dropped from a share price of $2, or so, to $1.25, or so, while the market has rallied, it advances steeply while the market experiences huge panic-induced drops.
UNTK may quite possibly be the ultimate contrarian stock.
P.P.S. Actually, if you want to read the full answer in which I discuss the upside and risk a bit, I have posted it on my blog (Google for @engineeredreality and look for the section Open Threads)