Yes - The Avengers is going to be Huge this weekend and for the next several, but the Age of Adaline will be a nice money maker for LGF over the next few weeks. Yes Outlaw LGF will go up even though you own it!
He is not smart enough to say WHEN! Over the last few years he should have given up a percentage of the company to private equity so they could properly bring the product to market. At this point he can't see the forest from the trees, and MAY HAVE ended any hope of becoming a viable player in the storm water space. Hopefully someone comes in and buys the technology and sends Rink on his way.
I was looking at TCO but I do believe the technicals and fundamentals present a stronger case for ROIC. Picked up 100 shares today and if the market sells off I may pick up some more.
Never said Glen Rink was a quitter. I just wish he was smart enough to bring in professionals who would have monetized Abtech's products the proper way. Extortion or bribery may hurt their future opportunities - if they have any at this point.
Mako, thanks. I'll use the capital loss to offset my gains next April. You win some you lose some! As long as you win more than you lose - you're still in the game.
Alright if Abtech has the great product which we all beleived in, how come they didn't have the people and prcoesses in place to executie a successful marketing plan to get their product to market. This falls on the leadership. I believe Glen on to the reins to tightly and did't get private equity involved when he should have - he doesn't appear to have the skillset to get this outstanding product to market.
If they have an outstanding product then the shortfall must be with the people (leadership) and the process in getting the product ot market.
Thanks for your belief in the company but the situation here definitely looks bleak.
I don't think it's his last hope of success. He may have learned a lesson ff he put all his eggs in one basket. The issue here is you have a strong buy on a company that has no hope of revenue for continued operations. Rink was taking a big salary while losing shareholders money and has no clue how to manage a company. If he had a good procuct he should have insured he had the right people to market and manage it (which he obviously didn't(.)
mako - notiice smartvest is still trying to sell this! He has a strong buy on a 8 cent stock on a company which is imploding. He states he is an employee of the company. If he is he drank the kool aid and followed Rink down the wrong road. It's obvious that EVEN IF they had a good product they didn't have the people and processes in please to ever make a profit here.
smart - do you really think buying shares at these levels is prudent? I lost several thousand dollars on this investment and I'm just letting it ride so I can utilize the loss against capital gains from other positions. Even if the company had a good product they didn't have the people and processes to bring it to market. Glen totally mismanaged the company by not bringing private equity on board. By not giving up any equity in the company and continually flloating more debt Glen has succcedded in destroying the company.
I truly hope you're right and the company makes a come back but that is not what appears to be happening. Good luck with your investment.
I think positive until I read a KQ article and then realize the stock will drop 20% or more. KQ articles are a contra indicator for stock price.
How did he keep it going??? He had a product which he didn't know how to market - so instead of bringing in private equity he kept leveraging the company until he ran it into the ground.
How are they going to bounce back????? They are going to do a reverse split and turn 100 shares into 1. He will then proceed to run the stock price back to where it currently is while collecting a paycheck for not being suspect.
They have to be proven to be felons in a court of law. Right now they are just clueless managers who have no idea how to run a company or bring a product to market. That said a 7 cent stock value doesn't bode well for Glen and the management of ABHD.