On April 16, 2015 it seems one of the mutual fund holders owning about 7.7% of IPAS has formed a group to file papers with the SEC to revamp the Board Members. In hope of increasing shareholder value. Please, only intelligent comments on this subject. "TITLE" please do not respond. There are many street corners where you can bark out your comments to the public on your solicitations.
Article, "Who Needs a Wireless Carrier? Go WI-FI Only". The article on page B-1 and B-6 of the WSJ dated 3/2/2015 references a personal study experience of one foregoing wireless and using free WI-FI during his days activities and travels. IPASS Inc. and its hotspots is referenced on the continuation page, B-6.of the article. Does this mean, if more people discard wireless and adopt WI-FI then IPASS would have a good chance to increase revenues due to their security features and other connectivity benefits? Please, only intelligent commentary and discussion. I know the current IPASS business plan focuses mainly on obtaining corporate customers. Thankyou
You are not the only one in this messy company for more than 10 years. I have been in for 12 years. Bought as high #$%$12/sh and as low #$%$ 57 cents per share. I hope you are correct in your intuition to stay long. I see a very difficult road ahead. Getting to 100M at this snails pace is a long shot in my opinion. Also, Gary Griffiths is 64 years old. Seems they could use some younger go getters. I am tempted to bail and take my loss but some of me is still hopefully optimistic. If you listened to the conference call a caller from Chardan Capital asked about the amount of revenue to be expected from the Microsoft deal. Ipass did not or could not answer the question. Based on that response I believe it caused Chardan to be a big seller the next day since they issued a downgrade / sell rating the following day. However, for each seller there is a buyer. Hopefully, we LONGS are on the correct side of the equation.
The new President, Gary Griffiths, is 64 years old. It seems they would need someone younger. Most execs his age are long ago driving golf carts in a retirement village. However, my conclusion is their business model is broken so what difference does it make who runs this company. Their goal of 100M in revenue may just be a pipe dream the way things have gone. Also, they should have tied exec. salaries to performance long ago. I have no escape at this price but if ever gets to $2.00 per share I will gladly sell.
You would see all the insiders buying if this conference call had something good to report like a profit, possible sale, or diminishing quarterly loss. My opinion is more of the same. LOSS,LOSS. The only good news may be something to be said about a possible merger on the horizon. I want good news like everyone else on this board but I do not see that happening. I hope I am wrong.