Show me the profits and I'll agree you
You'll begin to see them later this fall, hopefully some in the current quarter, and the rest as we se them ramp up production based upon orders.
Rumours have that many potential customers were asking for the Javascript capability that became available with ISP3, just released.
But considering we were trading at $5/share this time last year, and at that time we had Holloway, no manufacturing going on, plenty of form but little substance, and were still marketing a less capable box.
Now we have the capability of a large manufacturer (one that can command the best price and delivery for scarce items like flash memory), and another large manufacturer operating under license in Asia (Samsung/Jadoonet) and much stronger operational base.
So while we now have the fundamentals in place, what we now lack is the visibility. And I'm sure some of the private investors who bought this stock at $1, $2, and $3, as well as Mr. Mclauglin and the US investors who purchased millions of shares in the open market back in Fall, 98, are looking at other means to enhance shareholder value.. (especially since they are the largest shareholders).
This company, IMO, is tremendously undervalued based on the reports were seeing... And it's tremendously undervalued relative to the price that private investors were willing to pay over the past two years.
And since we know that private investors are normally folks with somewhat deep pockets who are in the for the long term, but also get a bit more special handling (could have something to do with holding 4 of the 7 available seats... :0) are loath to overpay and normally look for a discount on the perceived future value of the company, I would say that anything below $2/share on MUCP is a steal.
We're paying far less than the private investors have. That kinda like having a major inverted yield curve.
Bottom line... we had hype, but no substance under Holloway. But now we have subtance but no hype, and the shares have suffered for their conservative handling of corporate promotion.
Somehow I think that will be resolved over the coming weeks to months.
Private investors don't like to be underwater with their stock anymore than we do.
Regards,
Ron |
