When did the German's bomb pearl harbor?
You may be confused on more than just history based on your post.
What significant clients remain that you are talking about?
I guess Vunder is significant if you call making a deal with yourself a win?
They just lost the only cash flow they had. This thing is going to fire sale at this point. The one customer of any substance they had just dropped them.
I am not sure what else can be done to make this worse.
Just one more important point. What company in this world puts the name of one of their technology providers as the biggest and most important place on the front of their home page? A sports network biggest message they want to get across is that they use some companies compression technology? The only text bigger than the SYS in codesys is the VU.
Vunder is a sports channel or an advertisement for Codecsys?
Why wasn't the obvious association disclosed in the press release? Trying to give the impression this was a legit deal when it looks like it was a made up press piece is at best bad business and at worst, well seems par fro the course.
Yep. Scroll to the bottom of the Vunder web page and it says "All rights reserved Broadcast International, 2012." These guys should be put in jail for this type of scammage. Someone should report to the SEC. You would think it would be normal and reasonable for them to let us know that the "deal" is with themselves whne they make a public announcement. So shady.
This dog has lost $100 million dollars that investors have put into it so far.
Then the CFO on the podcast (of course they wouldn't do an actual conference call because they don't want to actually answer any questions) yesterday tells us how excited they are at cutting losses by a few hundred thousand dollars and a couple million in revenue from a deal long ago, and of course, there are no actual profits.
Who tells you how excited they are over a few hundred thousand dollars of cost cutting when you have blown up $100 million in investor money?
If it wasn't so sad, it would be good comedy.
Yes, it can go lower. As in 100% loss of your money invested. Just think at .10 per share you will already have lost 25% of your money.
All the cheerleaders for this thing left long ago. You can only disappoint for so many years in a row before you have to get new suckers to cheer.
I dont know why you guys think the BOA contract does anything. Look at the numbers, it is barely profitable. I'm not sure how the COGS/REvenue plays in the future but for every current report it shows absolute crap. They did the BofA deal to get the name, not to get profits.
I have now lost $750 dollars on this with my venture in at .35 a share.
I guess my wife will have to forgo a pair of shoes this month - kidding.
I am glad I only play games with with no money on stocks like this. I feel bad for some of you that have lost a nice boat or car in this pig - or a year of college education for your kids.
The argument is moot.
BOFA is a pointless deal. The margin is a few 100k. The revenue number and cogs are almost the same. They would make more money running a car wash in their parking lot than the BofA deal.
It isn't even a talking point from a profit perspective.
I just hope the patent experts can sell of or license the tech to a management team that is not continually losing money and clearly has no idea how to actually sell this tech.
They are back DOWN to $1M in cash as of March 31. Which means we will be seeing another massive hit of dilution before the summer is out. This next one will be the real painful one, if they can even raise money.
Yet, management salaries continue to get paid at full. What is the board doing?
Ahh, Bull. So comical.
All I have to say is I am the one that hasn't lost money yet. Your a candidate for the biggest loser so far on this one.
I guess you could call that -- Scoreboard?
If you would have listened to me, you might have had a "chance" to see some green. For you, there will only be an endless sea of red and frustration as far as the eye can see. It is called losing, I am sure you are used to it by now.
Yes, I know it is odd. I bought 5,000 a few minutes ago at .325 per share.
This thing is getting to the "point" it will either quickly go to zero or something will happen.
For 1,500 I can gamble away.
My overall opinion has not changed, I still think there is a massive uphill battle. However, at .30/share, it may be time to take a jokers wild here.
I am still negative on long-term, but willing to lottery ticket some potential pop that moves it off of the .30 range. This is a trade, not an investment.
Here is some advice.
Dont invest in a small company, that is controlled by a family of insiders that doesnt care what you think.
If you haven't realized it yet, this thing will just be a soaking cushion for the family. As soon as it has any profits, it will be loaded up with salaries and overhead to make sure that profit goes to the family until there is so much they cant possibly dump it.
Even then I cant see them ever giving you a dividend because I am sure Clifton will then make a "strategic investment" in some other family owned entity, etc. etc.
If you want a real public company that performs, stop buying ones like this one as it isn't going to happen for you. This is a family business pretending it is a public company.
The bottom line with a public company is easy. The value is .35 a share. If it was drastically undervalued, someone, ANYONE, of the millions of people, partners, companies, that have seen this technology would be picking it up "on the cheap" as it sits.
Nobody has done that.
The people that have had the closest look at this, arent buying the stock and arent selling the product. Those are irrefutable facts to date.
To say they have amazing technology that is groundbreaking or that their patents are undervalued is fooling yourself. The smart money has had many looks at this thing, and they could only get their new deal done at .25 share + warrants. IF IT WAS WORTH MORE, they would have raised at a higher valuation. It is that simple.
The fact that they gave away everything at a nothing valuation in their recent raise is the clearest of all signs that this thing is on a death spiral.
The management doesnt even believe the story, or if they do, they couldnt convince anyone else of the story.
The reason? People have known about this thing for years. Nobody buys it. Period. They keep raising money and spending it over and over with nothing to show for it except the inevitable "new plan" as they continue to collect full salaries and dilute the shareholders to nothing.
So dont try and tell anyone about hidden value here, that is complete nonsense.
Sell for a $1? That is laughable. They just sold 25% of the company at .25 a share.
Not sure you can blame people for trying to partner with IBM and Microsoft. But it surely is another massive blow.
The other blow is that you have 500k shares moving across the wire at the .35 range. For all of you in this thing at the .75, 1.00 and even higher, you will have massive amounts of shares underneath you that will allow the new owners to get a 100% gain and sell out before you even get to break even. The low share price and the new financing created an additional mountain of shares that get to be out and profitable long before you get to break even. This thing gets worse by the day. Sorry longs, the lottery ticket on this one is getting dimmer.
...and Management still collecting full paychecks. If I held shares, I would be calling and giving them an ear full and having my attorney send a letter about conflicts, mismanagement, minority shareholder issues, self dealing, etc.
I guess there is one piece of good news here. It was MDB. They are not stupid and they must believe the IP is worth something to do this deal. Maybe they are planning on booting management and getting a team that can make this happen. It is the ONLY conflicting signal in this whole deal.
I told everyone this was an inevitable financial consequence last year and the year before. The challenge here is that (1) their CFO is giving away the house and home every time they get financing, which means there are few takers and they are desperate and (2) they DONT SELL CRAP!
It was getting clearer as time went on with no major revenue from this technology that it is almost all hype. If that were not true, we would have seen far more action by now in companies making moves to implement this technology in a major way.
My only opinion now is that at .25 or lower, if you buy now, at least your downside is far less IF you really believe, which I cant understand but ok.
I am not even going to take the time to explain to the novices how bad this financing deal is for the shareholders. If you own shares in this company you just got absolutely destroyed in this financing in the near and long-term. I feel a little bad for the longs, but they need to learn to see when a Company is hyping or delivering. This one only does one of the two and has for years.
This stuff makes me chuckle. IP, blah blah blah, IR blah blah blah. IP that nobody is buying is not worth much. IR work for a company this old with no substantial revenues is silly.
Only one thing needs to be done here. Sell stuff. Sell stuff. Sell stuff.
What else should they do? Sell stuff.
If they cant sell stuff, there is no dress you can put on this pig that will increase the value. The fact that management is focused on all of this other stuff is a waste of time and energy, again.
Last time I checked, any product that drives overwhelming value creates revenue, lots of it, relatively quickly. I can understand development stages, but this company is WAY past that stage.
The longer this goes without major revenue growth continues to support the premise that this thing is going to continue to go nowhere.
Wow. Please, No.
Don't come in a day or two later telling us you bought at the "absolute low" and were a perfect timer. People have been doing that for 10 years on these boards, and NOBODY puts any credence in that whatsover, it is pathetic. UNLESS YOU POST the moment before the trade and we watch your number and trade go through thereafter, telling us your made up trades is not impressing ANYONE.
I could go post on every board and say I made XX% two days later from what I did. That is the dumbest post I have ever seen. Post it right BEFORE you make your trade, and I will give you the props. Otherwise, stop lying.
At least your are consistently terrible Bull.
Yeh, I can buy a cheap recliner or raincoat from a Warren Buffet company, that doesn't really mean that Warren is interested in the new winter season boots or my new miracle thread.
Get a grip.
Also, does anyone have a link that shows Slim owns this Company? I couldn't find it within 2 minutes of looking.