I've been watching this stock as a lurker for at least two years, mostly for the entertainment value of the never-ending exchange of "it's a fraud" vs. "no it's not".
I have no particular axe to grind, have no position in the stock now or previously. However, I would offer the following
observations, based on what perhaps could be considered an objective point of view.
1) Most of the regular posters clearly have their egos seriously involved in this stock. Maybe serious amounts of money (from their perspective) as well. In any event, it seems that most would rather be "right" than make money.
2) The company clearly has failed to deliver, thus far, in any meaningful way, on the expectations and hopes of its most vocal supporters. Over any reasonable time frame, this stock has to be considered a major disappointment to its ardent backers. Again, perhaps it would be fair to say "thus far.
3) Having read the press releases and followed the company for the past two years, I come away with the impression that management routinely strains the credability of even those who have the most positive outlook. This does not necessarily rise to the standard of "fraud", as some of it's detractors would suggest, but it sure does make one wonder if management is incompetent, inexperienced or "evasive". In any event, it certainly does not inspire confidence.
4) Anyone who has a serious amount of their net worth tied up in this stock is either very foolish or is more than just a garden variety investor.
5 ) So far, the "negative" team seems to be winning the debate.
6) My prediction is that the negative team will ultimately be proven correct. To be clear, I mean that the stock price will continue to generally decline, over time. Who is "right" in terms of all the charges and countercharges unrelated to the success of the company and ultimately the price of its stock is irrelevent
Going back to lurk mode. |
