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Patrick-----My irritation with this stock isn't so much that it didn't work out, but more because of the reasons it didn't. I think there was a lot of hype about this stock put out by management so that they [management] could sell their insider stock at higher prices. Ron Maas sold about 80,000 shares over $3.00/share shortly before a disastrous news announcement of low earning came out when he was chief financial officer. And then everyone gets excited when he buys a token 5000 shares for $1.00/share. Sale $250,000; buy $5,000. Not bad!!! Was this announcement held up till he completed his sale? I don't know but it is certainly a possibility. Also, the salaries, severance pays, and bonuses seem totally excessive for the amount of cash this company has. Now we have a re-shuffling of the same deck of management and everything thinks something wonderful is going to happen. I wonder. I wonder if this 'buying' of Unicore is not just a means of putting more of the company's declining cash balance into management's pocket. Personally, I hope this company does well so people like David, Gordon, and yourself can recover some of your loses, but, personally, I would like to see Ron Maas and the others directors go bankrupt, as I feel they are already ethically bankrupt. And part of the reason I write these messages after I escaped living in denial about this stock is, hopefully, to give a potential new investor something to think about. Best of luck to all of you. |
