To the thread,
I personally know the company and its management from since before it went public. At the current stock price this is a Grade A short.
The original CEO was a puppet of the underwriter, Rod Stambaugh--the founder and executive branch of USWDA is incompetent (he sits and plays with new software programs and games all day), the product is now hopelessly outdated, and they just hired what some would call a "hype artist" to artificially drive up the price (successfully.)
The company has no "real" prospects, their largest shareholder is the PR guy (at prices FAR lower than anyone out there could hope to get), they are in default on ALL their issued senior securities (for more than a year), have stiffed their credit card swiper vendor (Omron) for about $500,000, still owe their original underwriter's Guarantor (PaineWebber) more than $4 million, and now have an accumulated deficit of more than $17 million!
If you are inclined to keep this pig, put your head between your legs, and kiss your ass goodbye. This company is purely and simply hype like in the 70's, and is a screaming SELL. Consider yourselves lucky if you get out without too much bleeding.
There is nothing here, and as the Amityville house said, GET OUT!
(I will be glad to specifically defend every statement in this note to the naysayers.) |
