Kurt-
But how do you really feel? LOL!
I am glad you sent that email. You have expressed what many here apparantly feel.
Me, on the other hand, I am patient. I run a business that has had a similar historical reference to that of GMGC in that we had to create products and throw "mud" on the wall to see what finally stuck (if anything). Many endeavors failed and frustrations were high. Finding a specific direction to take our business was critical...but it wasn't happening. In one case, we developed a product knowing full well it would never generate revenue, BUT, it would tell us, through customer feedback, what we really needed to make. However, this particular product proved out our capabilities to big customers and ultimately we got our focus!
Today, FOUR YEARS later, we now have a thriving business.
GMGC, "seems" to me,only misled us into thinking that Portico would be a big revenue model through telco. Did they really beleive that? Who knows for sure. BUT...it did prove to GM that we could host a custom VUI (aka "vooey" per Seconds Out). IBM, they recognize the value of GMGC's unique products too and I believe strongly, more SP's are to come.
More importantly, IMO, GMGC will soon be signing SC's...CUSTOMERS..like Amazon/Ebay/etc...where the packaged vooey is sold. IF I understand the product offering of GMGC, these customers will ralize a substantial cost savings to thier exisitng customer call center set up with the added benefit of GMGC hosting..thus, they need little to no new capital to acieve the expense reduction and move into the 21st century.
Finally, the staffing changes are the confirmation that they have settled on these business models and are reacting to increased customer interest. We all know their cash burn rate, so adding the number of people they have (and are trying to still add) would be financial suicide. Without GM/IBM/EXCITE...I would strongly be concerned. But we have these SP's and it is they who proved to be the catalyst of unprecedented business interest that the company is now experienceing...IMO.
Yes, I am disappointed that we are experiencing a depressed stock price yet again...but I have said over and over that I will judge my investment decision to invest HEAVILY in GMGC on a "year to year" fashion...not day to day.
I fully expect that the stock price will dramatically be appreciating in due course...maybe not today or next week...but soon.
I am a full believer in GMGC. Of course I wish things happened better and faster...but this is HIGH TECH and we are at the very bottom of what should be a boom industry.
Thank you again for your venting...it helps all of us...especially in the manner in which it was presented.
Lots of luck to you.
HC |
