Can't be sure of the exact price, but the report stated something about the new company would take all it's debt. So if they had 5 mill. in debt it was sold for 7 mill. Looks like a bit of cooking the books somewhere by SBC. It's always interesting no one is going to jail for such a debacle to the share holders maybe even some accounting fraud. Some SBC sitting pretty somewhere laughing their #$%$ off.
Only $2 mill for the sales ouch. The really sad part is all the former execs have tons of shares for creating a giant screw up so if the stock rebounds they will be sitting pretty and get rewarded for sitting on there butts. Everyone will be pulling the load to make Berry rich. It goes to show how some execs play craps with the company to make themselves wealthy. I guess you #$%$ out Berry. Way to go Berry, you should sell you shares back the company for a dollar, because that is all you are worth!
At the moment the card does not work with chips. Here is the email.
"Thank you for your interest in Wocket! The current version of Wocket does not support chip and pin (EMV) partly because EMV has evolved over the years and taken up root in Europe and Canada mostly. It has never fully come to the US and even though the industry claims it will be here by next year, we are confident magstripe technology will stay around for a lot longer. We chose not to use Chip payments on version 1 of Wocket because the payment industry is in so much flux right now with what the standard technology for payments will be. "
I'm sure they are. I'm not sure of if you are large investor you want to do your laundry in public. They're not as stupid as the rest of the world.
If you look at the number here. Margins are off the chart so what really dragging the profits down is selling costs. They have to sell all on their own. Being bought by the right company and that company adds 200 mill in revs and your selling costs could be just a part of a package. Plus now it becomes part of your portfolio of products. Long term I see something like that here, I'm not to concerned with the PE because this technology can't last as a separate entity it needs to be part of a bigger picture. What is has is worth more then what it is.
Go pump somewhere else, get off this board. That stock is bigger piece of junk than this. What's it trading at .0001 cents.
Zero income, lost 50 million last year........ Officers seem to be making a big salary on your nickel and risk...