When plans go awry!
You get changing terms in the deal, you get delays, you get worry. You typically get a realistic share price, not the overhyped share price you can see as I write this.
With SCII I've seen lots and lots of hype, lots of lies, and no information from the company since their last press releases touting testing by Partner, and a full rollout of ITES' technology this year.
Seems Sensar learned to leave the hype to others, less liability that way.
During the last conference call they said a website would be up and working in the 3rd quarter of last year. Well, not only isn't the website working, but the lost the name.
The deal changed when Net2Wireless came into the picture, changed to the detriment of SCII shareholders. To the tune of an additional 5.5 mln shares going to someone! That's an additional gift of $176 mln to someone at today's bubbled price.
If you read the last 10Q, the deal needed to consummate today, or it was off! More changing terms I guess, and the shareholders are the last to know. Wonder how Landa's pool game is getting, probably much better!
This party is about over! Wonder who will have the hangover? |
