Simple questions, simple facts, simple conclusions
I've asked the simple questions. Are there simple answers? Yes, there are, but they deal with how to manipulate a stock instead of how to grow a business.
Some of the simple facts are:
1. SCII has no product, no current revenues, no completed acquisition, no nothing. No matter how you look at it, SCII's stock has been hyped.
2. The CEO and a director are selling stock. I don't care if they sold a single share, they are still selling stock at the most critical point.
3. SCII's initial target, ITES, came out with a press release that they had signed an agreement with Partner, Orange's subsidiary in Israel. Yet during Partner's conference call in January, Partner's senior officers said testing hadn't begun and they still didn't have an agreement with Partner. Landa, SCII's current CEO who is selling stock, didn't seem to know about this during a telephone interview. Which in itself is not surprising since he had to pry himself away from a game of biliards to answer the phone during the middle of a workday. (Yes, by buying SCII stock you've bought into a little piece of Landa the pool-playing securities lawyer aka Sharkey!)
I've got lots more dirt on this deal, but really don't need to go any farther, my simple conclusions show there is hype and deceit. This is certainly not a stock for long-term investors, but a stock for short-term scamsters. |
