So you were not around when Ken Denman was CEO? If you were than you would know what EK has done for this company. Just for 1 Denman had no intention to go after the phone traffic. PC Laptops only.
I often times think about selling just to lower my blood pressure! 64 year old Gary has made all the mistakes and hopefully learned from them. I think we will see a major cleaning of the house in the next 2 quarters. There's a lot of dead wood to get rid of. I expected to see a lot more go when Unity sold, not the case. I look forward to the next call.
For the first time in the 10+ years of owning Ipass stock, I'm cautiously excited! It's about time we had a shakeout of the BOD. It make sense to me not to sell the company in it's current state. I'm excited to hear that pay cuts are starting at the top! I believe these cuts did not sit well with EK. Although EK did a good job of turning the company, the time frame was way to long. I have never had confidence in the BOD. When the announcement came that the company may go up for sale, I believe and hope all the bloodsuckers on the board departed. I believe Gary is going to be the Turbo Charger this sputtering machine needs right now. I think we will see more dead wood leave the company in the near term. I'm backing up the truck to average way down.
Normal action. I'm interested in what EK has to say about the sale of the company. If nothing at all is said Then we will go under a buck and I will load up. This will be sold by mid year IMO.
They have owned it for a long time. They got most of it around a buck. They have been adding on the dips. Now they own 5% so they had to file. It's not like they just up and purchased 5% at once. It's in a fund that there clients own. Marc is a very nice guy and was willing to call me with his insight. He and his family is now on Vacation but said he will be in on the CC. It sounded like he and Evan talk often.
With just a handful of shares traded daily and with the company being sold. Should we even be looking at charts?
We did not talk price. He believes we will be sold to a large player. We both thought that if Evan will throw us a bone on the up coming CC. If not the stock will tank and I will back up the truck and load up to average down more than I am. He believes the deal will be in the works by the next call. Does believe they will turn a profit in 2016
They bought most of these shares at around a buck. He has been buying the dips like when it shot down to 1.05 He needed to file because his shares added up to 5% ownership.
Super nice guy! Called me yesterday talked to me for over 45 minutes!
So I sent a mail off to Marc Silk
He asked for my phone # and is going to give me a call. If there is any Qs you guys have for him please let me know quickly.