Correction to DD Post on ROBO and Up-Date...
I had recently mentioned that ROBO sold 84,000 shares @ $11.90, when in fact, it was 90,539 shares for $1 million, or about $11.00 a share, as disclosed in the last PR... I e-mailed the Research Post to Rafael Avarot in Israel for comments and/or correction of any potentially erroneous facts and, so far haven't received a reply, one way or another...
biz.yahoo.com
I coined the phrase: "Architecture for Accelerated Information Retrieval", or the acronym: "AAIR" and wonder if it'll find acceptance with ROBO or anyone else, for that matter... The slide in price was actually minimal and could be expected, as many investors sell on the news, as a matter of principle...
Compared to my notes from the previous 10Q, I am pleased to see a substantial increase in the value of Assets, from $17.4 Millions to $18.5 Millions, while Liabilities also increased marginally, from $10 Millions to $10.4 Millions, resulting in a net improvement of $700K... When related to the $13.6 Millions in Revenue and $520K Earnings, the increase in net Asset is significant...
This compares well with AKAM, which has Revenue of $4 millions and Losses of $56 Millions, BUT a $15 Billions Market cap, compared to $94.4 Millions for ROBO... While AKAM has much more Net assets, a quick comparison of Market Cap/Net Asset ratio shows that ROBO is about 1/5 that of AKAM...
JMHO, F. Goelo + + +
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