You're welcome sweet. Would of liked to have done it before this, but you probably aware of my recent situation. The phone number listed on the internet is a Philadelphia and they are from Philly, they told me that so they are going to register the business in friendly Delaware I'm sure. Last time I spoke to them they said they liked the Newark location due to the closeness to U of D, but were also looking at property in New Castle which is just up the road a click or two. #$%$ was very likable and invited me to stop by soon. Just don't know how to do that since I don't know where they are. No phone listings other than the one on their home page. I'll try to do some more digging to see if I can find out more. If nothing else, I'll provide the board with something to scream about.
We have come to the conclusion that it all comes down to production capability. Those of you who are going to ASM might be more interested in why folks with money and product can't seem to launch their products and stop looking to see who is smiling. There are issues here we are not fully aware of for sure, but asking shareholders for another 1.5M shares is criminal with questions like this unanswered. What we need is an understanding of what the volume customers want before they put cash on the line and I do believe it is smaller, brighter, more efficient and production guarantees. Go to ASM and get answers folks, wish I could be there.
Had a chance to follow up on View smart today. Last time I went over there the office was empty and that was in December. Today I found it the same way, empty and lights off and an old company name on the window. I last talked to #$%$ Johnson in December as he was preparing for CES and his partner was in China working on shipping issues with a launch date of 12/15/2015. He was very anxious and looking forward to a delayed launch and solving the shipping issues and enthused about CES. Since then I have called him and left voice mail, but no response. Thinking the company was busy preparing to go to market I was satisfied to wait.
I hung around the complex and engaged employees of other companies sharing the building and they told me that they never heard of Viewsmart and the office has been empty for some time. I know they had the money to get it up and running back then.......don't know where they are now.
Kicking this around with my counterpart, we are thinking that we are losing money on each unit we produce and the volume with the "small ball" customers isn't going to give us the economies of scale we need to break even. Why produce more product at a loss when you have to keep the lines running hot and heavy to make money? We are thinking that production problems were a big contributor, but more importantly, is the Gen 2 really what the customers want and may be the reason that small companies with the cash can't launch their product? I don't have a clue what our production capacity is so this is all me if you want to pick this apart. I am almost convinced that Tokman is reluctant to take any more small ball players aboard until we finalize the next engine and make a case for high volume production lines which I think is going to result in more dilution. If he were confident in the engine being produced he would probably bite the bullet and run a million and shelve them for whoever comes along with an order.
Absolutely right injun. The more they make for retail the more they make for themselves, lord knows they are loaded and they need more shares like we need another Tokman. Pay us and pay yourselves. One way street for management isn't cutting it any more.
The lord helps those who help themselves. Tokman waiting for some divine intervention from Sony or Celluon is BULL.
Well dsaur, I had to join the gang and I sold a nice hunk at $2 and just above recently and now I am buying back. You will NOT get news from Tokman in any way, shape or form. I hate being totally dependent on the small ball gang like Celluon who doesn't have a dime for advertising and leads us on with promises for new and exciting product enhancements. This is shaping up to be one long, long haul to break even. I can't believe ASM is right around the corner and I haven't been happy one quarter yet. Add that to the fact that they want another 1.5M shares for themselves and I see red. Pushed around is what we are going to get until that jackwagon is gone. Like someone to ask at the ASM if they have any plans that would reflect positively on retail investors, I tired of seeing retail satisfied with a smile and wink. Keeping the faith and praying for a change in management.
There is so little faith there is no insider buying and institutional ownership is less than 14%. If our management team doesn't have faith that the stock is a good investment how can Investment Banks? The buck stops at the top and Tokman and the gang want 1.5M free shares. Not the signal I'm looking for.
Off to the races Oz, I hope so. What is telling for me is there is no insider buying and Institutional ownership is down after an attempt to boost ownership back in September. By November we lost 30% of the tutes, so what was the story he was trying to tell? When I see insider buys and Institutional ownership over 20%, then I know we are going north. They are more aware of our situation than we retail investors and Tokman told the world that this year is going to be a loss. He is up front with everybody and the big guys took his advice. The patents are a huge plus if and when they make money for someone. Up until now they are the same value as my patent on air, everybody uses it, but I ain't gettin' paid a dime for it. All I see here and on Peter's blog are wishin' and a hopen' by retail. All of it is good, but it isn't going to move the pps for us little people. Management is solidifying their positons with 1.5M more shares, so they don't have to buy any of this on the open market. Doesn't seem so hard to me.