I did that in 2010 with a Roth. $60,000 then is now $4,000. Good luck with yours. Tokman is the man. I hope it is "First and Goal" for you. He really fooled me. I remember him being so enthustastic then. Didn't sound anything like that today. Well, I will say that your birdy probably knows as much as that Jackwagon does so go for it.
So, what you're saying Buddy is that we are walking away with more haze and unanswered questions than we had before the CC. We don't know where in the heck we are in this chain, where we are in this whole supply thing, and where we are as far as the customers requirements are. A typical Tokman CC that allows him to pump up the usual gang and continue to dilute the shareholders promissing nothing in return. I'm sure there is a law that protects us.
Story of my life is that this is a spec play that has gone bad. It is a 20% of my portfolio investment. Not going to change me much unless it takes off. Petrohawk and INCY were spec plays for me too. I am more accustomed to those results, so this leaves a bad taste in my mouth. I am almost 72 and I retired at 58 through my iinvestments. I have a nice home on the Chessapeake Bay and owe nothing to anybody. Not a bad story. Wish other investors a story like mine.
Blame others? Yes, I do think that folks like Tokman should be held acacountable for their statements when they are sooo far from fact. Taking this company's credibility to the level it is here is not acceptable to me and it shouldn't be for any investors. I would like to see the company be successful if not dominate the space and I am prepared to wait. I think Tokman should be replaced. A MONKEY would generate more interest here than Tokman has.
And they expect it from Tokman? This guy has been up to bat more times than anybody else in history and he is batting a fat ZERO. All that screams at me is "I didn't think it would take this long", duhh.
THis is better for Tokman than having a product. All lhe has to do is call Crede and get another 6 to 10 million and stick it the retail investors again. Doesn't have to answer to anybody, just take the money and pay the tuition for the kids and keep on rolling. What a great business model.
One ID jerk, and I'm here because I have held for the past five years. I have averaged down to about 2 bucks, but hold a ton of shares. I'm here because I believed that jerk every cc in 2009 and 2010. I thought we were years ahead of everybody else and "First and Goal" didn't mean a five year wait for the basic parts. "NO gating issues" in 2010 didn't mean a five year wait for a product that generated income to me, so I bought. Names like Apple and Intel used by him reinforced my belief that the company was as close as he indicated to products being launched. today I hear he didn't think it would take this long. What a sad statement for a CEO that pumped this tech and suckered shareholders out of half a billion dollars. DId you take notice of how excited the anlaysts were? Two dam questions, that's how close we are to success, nobody cared to get up and ask a few good questions and he knew it. He fumbled and choked over what he had to say knowing there won't be any disign wins this year as he forecasted in the spring.
I foound this company and gave it to several large investor friends of mine and even though they are OK with the loss, some work out and some don't, I hate the fact that this has been such a loss for all of them. I don't like to look like a jerk when I give someone a pick of mine. I wiish they were all like BA. and INCY etc, but they aren't. I just hate to feel I've been taken by a jerk like Tokman who is one lousey CEO and doesn't understand the tech well enough to guide investors or the company. He looks worse every year and every CC. I am now holding for the outside chance that the patents willl be worth something if and when a product hits the street and I get a chance to recover some of my investment. The biggest reward for me would be to see Tokman behind bars. That is why I'm still here.
Answers to what Stu? He gave us nothing this morning. Samples to Auto OEM. Still working on engines and supply chain. Just means that they have no revenue comming in 2014. No hard schedules or solid numbers for lasers or product introduction. At least two more dilutions. Where are the two more design wins this year, no mention that I heard. You guys hear things a lot different than I did.
He is a broken man. No energy, no analyst coverage, fire is gone. SAid nothing of note. Didn't know it would take this long, he doesn't know the tech as I said before. His milestones mean little to the business case. Nothing about revenue in 2014, and no timelines for products. Should of stayed in bed.