This is a strange stock. I'm short and getting my clock cleaned so can whoever bought my shares please explain to me this. How is this company with no product, no customers, no distribution network, no strategic plans, no customer service system and no experience at running any of the above, is going to take on established competitors such as Verisign, and Entrust who already have those elements in place today ?!!!
OK, so a few people in the management team were successful in other biz, but what do they know about tech biz ?
Both Global Payment eXchange (GPX) and Digital Signature Systems are tremendously difficult both in technical and marketing front. But for the sake of argument, let say that CUST got the technical details right, which is a stretch in itself considering how many companies out there already struggling with this part, OK, how is CUST going to convince end-users, financial institutions, stores, suppliers to trust their money with CUST... wait a minute, who is CUST again ? :)
This marketing part will be even more difficult than the technical part, forming alliance, educating customers, building trust on the end users. All this takes time, meanwhile CUST will be burning through cash, 83 millions really is not that much in this business. But then what do I know ? I'm still the one with his clock cleaned so anyone here who bought this stock at $55 please be so kind as explain their reasonings. I'm still trying to learn. |
