Robert - " think of this as speculation at the most." It's very thoughtful speculation, and it mirrors the thinking of many of the IW investors.
You point out a key fact: that Infowave must be negotiating with several players at the present time - and that might well be constraining IW's ability to communicate.
What will evolve in the next few months may not be certain to IW, never mind us. I don't know what all the rules are for these things; I'm not sure when the "quiet periods" must prevail. But IW management should be negotiating these things now:
1 - the method of migration to NASDAQ
2 - the actual NASDAQ migration
3 - the degree of involvement/non-involvement of Canadian MMs.
4 - the degree of involvement/non-involvement of American investment bankers/MMs
It goes against the grain to say this, but a requirement for us as investors, here, is faith in IW management. There, I've said it. IW cannot again be at the mercy of rapacious MMs. However, I believe that escaping from this dilemma will not be cheap,or easy - and that the dialogue is really a trialogue - between American money, Canadian money, and IW.
IW, as a microcap, has paid dearly for the involvement with penny-ante Canadian brokerages. I have read many posts indicating that the activity by Canadian MMs is normal and typical. Bull! Look at Wi-LAN (WIN.T). Show me the vicious and sustained short-selling by the MM in between news releases.
Summing up, Robert, I agree with the sense of your post, and perhaps go further. I think the problem here is the constraints on IW, given the many and complex issues to be resolved. W2000 may release them from some of those restraints, in that it may allow them to make releases that are "fair ball" in the context of their negotiations.
And I, like you, am just speculating, |
