A few thoughts...
No (or very little) institutional analyst coverage. When was the last time we saw a research report? Remember the last conference call? Were there any respected analysts there? Where there any good questions asked? Nobody follows this stock, yet there are a lot of real brokerage houses trading this stock every day.
Without buy recommendations and new investor dollars flowing into GMGC, this stock is at the whim of professional traders, large holders of stock, (i.e. convertible holders and institutions like MSFT) and on slow days the few retail investors who have had the fortune or misfortune to stumble onto GMGC for whatever reason.
Without the hope of near term revenues, and no updates from management or IR, and no major brokerage firm following the stock, along with a huge and growing float, this stock is going to have a tough time vs. its peers. This is reality.
I remember investing in a small company once that had an exciting new voice technology, only to see them overtaken by a plethora of other companies with similar and competing technologies that eventually caused the stock to disappear! I really don't want to see this happen again, and am seriously thinking of hedging my investment, (short and long term) with options.
Magic can still succeed, but the clock is ticking...
P.S. I really hope Dr. Markman isn't aware of these issues, because if he is, and the best that he can do are periodic memos on the company web site... |
