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Emmis Communications Corp. Message Board

peter_norths_proctologist 229 posts  |  Last Activity: 23 hours ago Member since: Feb 15, 2002
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  • peter_norths_proctologist peter_norths_proctologist Feb 21, 2015 12:01 PM Flag

    If Vuzix had released a similarly worded PR as that of DHL, then I would have no problem with it. But as it was worded deceptively, and did not mention the pilot aspect in the headline nor first paragraph as DHL was careful to do -- then the only conclusion I can draw is that DHL is transparent in their communications, whereas Vuzux is indirect and deceptive on purpose. And that constitutes fluff in my opinion.

    Here is what DHL said in their first paragraph. Notice the word "pilot" is immediately introduced:

    "DHL, the world’s leading logistics company, has successfully carried out a pilot project testing smart glasses and augmented reality in a warehouse in the Netherlands."

    Compare the above to what Vuzix released, which doesn't even mention the word "pilot" in the introductory paragraph:

    ROCHESTER, N.Y., Jan. 28, 2015 /PRNewswire/ -- Vuzix® Corporation (VUZI) ("Vuzix" or, the "Company"), a leading supplier of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, announced today that its M100 Smart Glasses along with warehouse "vision picking" software developed by Ubimax, a leading wearable computing solutions company has successfully delivered hands-free warehouse solutions for DHL, the world's largest logistics company."

    Also, note the choice of words -- "delivered solutuons". Deceptive on purpose. They didn't deliver solutuons -- they demonstrated solutions. Big difference. Oh yeah, they also used the phrase "delivered solutuons" in the headline of the PR, with no mention that it was just a pilot program. It is the worst kind of fluff there is. DHL would never stoop so low.

  • peter_norths_proctologist peter_norths_proctologist Feb 21, 2015 8:51 AM Flag

    The Intel news and Nasdaq listing is what got it to $7. The DHL tease on the day of listing is keeping it in the air. We'll see what happens to the pps if/when the momo crowd doesn't get their confirmation. Sub $5 wouldn't be out of the question.

  • peter_norths_proctologist peter_norths_proctologist Feb 21, 2015 8:43 AM Flag

    I am here for the enterprise opportunity only, so on that front I have to worry about their progress or lack thereof. It doesn't mean anything to me if their pilot programs are declared successful but are not followed by a purchase order. The only measure of success that counts is measured in dollars and cents. Who has declared it a success in the first place?? There was not one single comment to that effect made by a DHL representative in that press release. I don't need to hear useless cheerleading from VUZI's IR department. I'm looking for real results. Not red herrings.

  • peter_norths_proctologist by peter_norths_proctologist Feb 21, 2015 4:32 AM Flag

    The DHL fluff press release came out January 28. If they can't close DHL, we'll still have a record of that grandiose self-promotional chest beating stunt of a PR. They'd better close the deal, or it will be an embarrassing piece of history.

  • peter_norths_proctologist by peter_norths_proctologist Feb 21, 2015 12:38 AM Flag

    It will be good medicine. First of all, the only reason why it's been defying gravity above $7 is because the market has been buying the rumor of a DHL contract -- which, by the way was created by the company itself with its blatant fluff PR boasting about how the DHL pilot was a smashing success. Okay, that's nice to know. Now if they can't close the deal, then the CEO will have egg all over face and his fluff PR's will have no credibility in the future. If he is a smart guy, he will learn the lesson. But that's jumping the gun.

  • peter_norths_proctologist peter_norths_proctologist Feb 19, 2015 11:55 PM Flag

    The market cap is already over $100 million, even using the most favorable interpretation of VUZI's sharecount on fully diluted basis (17 million shares). A conservative accounting would yield a market cap of of $161 million (based on 23 million shares).

  • peter_norths_proctologist by peter_norths_proctologist Feb 17, 2015 5:49 PM Flag

    Worst case scenario is around 23.6 million shares, assuming all this stuff gets converted into common stock at some point.

    "As of February 10, 2015, we have issued and outstanding 12,261,137 shares of common stock, 49,626 shares of Series A Preferred Stock convertible into 4,962,600 shares of common stock, an aggregate of $2,037,500 in principal amount of convertible notes convertible into an aggregate of 905,556 shares of common stock, warrants to purchase 4,740,910 shares of common stock, and options to purchase 720,551 shares of common stock."

  • Reply to

    Recent blizzards in the Northeast

    by peter_norths_proctologist Feb 14, 2015 10:43 AM
    peter_norths_proctologist peter_norths_proctologist Feb 15, 2015 3:03 AM Flag

    Vo2macs, do you think there is any correlation between having a part-time resident CFO, and the company's history of late filings with the SEC, not to mention their reported deficiencies in internal controls and reporting processes? As a shareholder myself, I would like to see their financial reporting taken a little more seriously by management. I don't know how other shareholders can be so cavalier about matters of reporting integrity. Ultimately, this burden falls on the shoulders of the CFO. If he is not up to the task, they need to hire a new one.

  • peter_norths_proctologist by peter_norths_proctologist Feb 14, 2015 10:43 AM Flag

    Taken from the disclosure of risk factors in the 10-K:

    "Our Executive Vice-President and Chief Financial Officer, Grant Russell, a Canadian citizen, currently has his principal residence in Vancouver, Canada and a second residence in Rochester, New York. If he becomes unable to legally or efficiently travel to and work in the United States, his ability to perform some of his duties could be materially adversely affected."

  • Reply to

    CFO quits for no stated reason

    by peter_norths_proctologist Feb 11, 2015 5:48 PM
    peter_norths_proctologist peter_norths_proctologist Feb 11, 2015 6:01 PM Flag

    By the way, corporate officers don't just up and quit their company when it's on the verge of success and breaking out big. The fact that the CEO didn't even offer the usual obligatory statement trying to explain the reason for departure, is very troubling.

  • Reply to

    CFO quits for no stated reason

    by peter_norths_proctologist Feb 11, 2015 5:48 PM
    peter_norths_proctologist peter_norths_proctologist Feb 11, 2015 5:55 PM Flag

    Trust me, it is never a good sign when a CFO quits unexpectedly and without giving reason. I wonder how Gomes is going to white wash this one? If he had any sense, he would issue sell rec immediately for red flag.

    (b) On February 11, 2015, the Company announced that, on February 6, 2015, Mr. Mark Iserloth delivered notice of his intention to resign from his position as Vice President and Chief Financial Officer of Mattersight Corporation (the "Company"). Mr. Iserloth's resignation will become effective on March 13, 2015, after the filing of Mattersight's 2014 Annual Report on Form 10-K.

  • peter_norths_proctologist by peter_norths_proctologist Feb 11, 2015 5:48 PM Flag

    Too funny. Good luck with this one. You'll need it.

  • peter_norths_proctologist by peter_norths_proctologist Feb 11, 2015 5:46 PM Flag

    Revenue is down and costs are up. Lost over $3 million on operating basis, which was worse than last year. Will these guys ever turn a profit? Seems a long way off. Years, not quarters. Bookings aren't anywhere near enough to turn the corner. If you guys plan on holding for a gain, better plan on holding for a lifetime. Or two.

  • peter_norths_proctologist peter_norths_proctologist Feb 10, 2015 1:12 AM Flag

    My point is that Deer Hunter has been suffering badly on the App Annie earnings rank ever since Kill Shot came onto the scene. Historically, DH was always able to hold top 30 rank. Now DH is ranked under 50 for a while now because Kill Shot has decimated Glu's DH customer base, and you can't deny it. The point is there are few barriers to entry, and the competition can just come in and take revenue away from Glu at will. When the market realizes this, it will get priced into the stock sooner or later.

  • peter_norths_proctologist peter_norths_proctologist Feb 10, 2015 12:07 AM Flag

    It's not working. The knockoffs are still active, and stealing potential customers from GLUU.

  • Reply to

    How come no one attack Mark Gomes anymore?

    by babbeo6 Feb 9, 2015 11:03 AM
    peter_norths_proctologist peter_norths_proctologist Feb 9, 2015 5:38 PM Flag

    Okay, so by doing the opposite of what Gomes advised, you were able to avoid ruin. Yet you still support Gomes. You aren't too bright are you.

  • peter_norths_proctologist peter_norths_proctologist Feb 9, 2015 5:33 PM Flag

    Just as I suspected. No answer from GLUU, and no answer from GLUU investors. Willful ignorance is a poor investment strategy. Sticking head in sand like an Ostrich is no way to go through life.

  • Reply to

    How come no one attack Mark Gomes anymore?

    by babbeo6 Feb 9, 2015 11:03 AM
    peter_norths_proctologist peter_norths_proctologist Feb 9, 2015 5:28 PM Flag

    Because most of his subscribers went broke investing in GTAT and DLIA, so now they are living under a bridge or in prison for stealing food to feed their families.

  • peter_norths_proctologist by peter_norths_proctologist Feb 9, 2015 4:30 AM Flag

    Cooking Fever is a knock-off of Glu's Diner Dash, and Kill Shot is a knock-off of Deer Hunter. Not coincidentally, Deer Hunter and Diner Dash are under pressure in App Annie earnings rank recently. What can GLUU do about knock-offs in the future? They don't seem to have any meaningful answer.

  • peter_norths_proctologist peter_norths_proctologist Feb 8, 2015 3:41 AM Flag

    Cane, you raise good points. I guess what I'm saying is that I have resolved myself to limiting my optimism to the enterprise market, and any revenue coming from mass consumer market is extra gravy. Even without consumer market, this could still reach $200-$300 million market cap without much of a stretch. So the risk/reward is still pretty good. Being a tiny and relatively unknown brand, I view success in the consumer market as hitting the lottey, and I would love to see that payday. Just not ready to factor that into my calculations. Not yet....

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