Bubba found me.. someone owes him a share.........
I never cease to be amazed at people that invest in these kind of junk stocks. I haven't paid much attention to Camelot for awhile, feeling that they weren't worthy. I really figured that their track record had caught up with them. After all they have never made a penny on any of their abortive schemes. Everything they touch turns to crap. So I really wonder why people still respond to their hype releases with such ill advised emotion. How many have to get severely burned by this hype driven stock, before everone wakes up...
The real problem with this particular press release is that it (as is typical) says nothing significant. ALL they say is that they are going to talk to some people. So what. If they had said that they had a contract with Gateway or Dell for X million units (even if so, they probably wouldn't be able to deliver, and would end up in yet another court action).. perhaps it might be something to get excited about. But the fact that they have.. and they didn't even say this...an appointment,
really doesn't excite me.
Keep in mind that the high end Video COnferencing systems that use propriatary systems and sell for in the three thousand dollar range are not big sellers, and don't do what DW claims for his junk (BTW no one has seen any of this stuff really work other than at one contrived, probably severely rigged, demo). So is a Gateway going to be stupid enough to buy into vaporware. I doubt it seriously.
THe other thing that bothers me is that DW has never been able to produce anything at a reasonable cost. HIs first offering of Digiphone was ridiculously over priced. When competition caused him to reduce the price, he lost his butt. Developement costs and delays have always bee a huge problem. Digiphone 2.0 was supposed to be out about 10 months ago, along with several other gadget software packages..even this phone handset was announced last year, never produced, then announced again this year (also about 8 months ago) as a new product...still not available as to my knowledge.
So answer a qustion for mre folks, how is it that a company that has done nothing but lose money, while screwing stockholders, get such a large bump in stock price out of a press release that basically says .."we are now going to TRY to sell something" ????
People really should read the Motley Fool article referenced above
( fool.yahoo.com )
he seems to have a great perspective on this ridiculous little company, and their flaky manangement team! But then it doesn't take much other than a view of history to figure this one out.
My advice, if you made a buck on this hype spike, take the money and run !!! |
