It took a few hours, but Wolff has published his views of the S-8 on Yahoo. I'm taking the liberty of responding to him and trying to keep the discussion from denigrating into a contest of name-calling. I suggest that those that like to back-slap not come over just to say,"nice price action" or "told ya" or "hey it's a POS". Otherwise, that invites responses, leading to the ultimate confrontation. Those under investigation and suspicion need to learn that threats are taken very seriously.
messages.yahoo.com
The SEC filing today discusts me. (citation omitted for brevity)
I believe the technology was not right for the current consumer market, but I did not anticipate this.
Be AWARE Wolff
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MY RESPONSE TO THAT POST
Wolff,
I'm going to try to be civil and assume that you are NOT just a paid basher or lemming. Sometimes, you come on here and seem to really want to tell something useful. You even question why you are, in turn, bashed.
1)Look at the way you post -- "The SEC filing today discusts me."
OK - I seem to have to make lots of assumptions. I assume you mean you were disgusted or that you are discussing it. In any event, you are, it seems, surprised and shocked?
You could have posted -- something like "new filing read carefully!"
2)You have to be aware that everything in the filing is not new. (I did pick up some stuff you haven't hit on like the risk that the Japanese yen fluctuation may affect performance of the company. Also Year 2000 issues are listed--ooops what month is this?)
3)You have to be aware that this filing DOES NOT MEAN THAT ANY INSIDERS ARE SELLING. (My editorial comment - I don't believe any insider will sell until this stock is many times higher than it is today. Read the corporate board.)
4)You have to be aware that this filing is an amendment to an employee option plan and that the shares and disclosures (again nothing new except maybe for the Japanese yen problem) are needed to attract potential employees. These shares, if sold, would likely wind up in the hands of very loyal employees.
5)You are aware that XYBR is NOT currently actively trying to sell to the consumer market, other than to those who have to have the latest "cool" gadget, (e.g. Sharper Image or similar catalog.) The current model is in use and being sold for commercial, industrial and military uses. You know that and your comment about the consumer market is disingenuous at best.
Again, I am not critical of someone telling the risks of a company. Everyone here should be and is probably aware that this is a speculative investment. Everyone here is also aware that there is a potentially huge return. This is not a public utitlity with a big dividend (and even those are risky these days.)
My point to you -- you want people to think you are sincere. Yet you come on yelling, using words like "discusts". You invite the bashing that follows, don't you? People don't like to think that they have made an investment decision only to have someone yelling basically, "You're stupid." at them. When you constantly re-post the same thing over and over, with perhaps slightly different wording, don't you realize that your credibility is minimized? (Again, I'm not calling you a liar here, just pointing out stuff which should be obvious.)
You have asked for compassion at times. I link your post in which you defend Anthony Elgindy, a person you seem to hold in high regard, for his criminal behavior.
Message 13032749
Is the compassion in that post and plea for level headed discussion limited only to something or someone that you believe is correct? (Note for those defenders to come, I'm not commenting on any behavior, criminality or risks involved in any criminal sentencing in this post. Everyone is entitled to a second chance. I just think the civility needs to go around. I'm amazed to see individuals who are in the court process or under investigation threatening and then being forced to retract those threats.)
Thank you. |
