Michael, you missed your calling. You should be a psychiatrist. Your points are well taken and appreciated.
I'm curious as to why everyone thinks that Struthers is in an SEC imposed quiet period. As far as I know, they have no applications in for major market or small-cap listings. They are not an IPO. Discussions with equity partners doesn't require quiet periods. The way I see it, either Struthers or the investment partner is imposing the code of silence. If someone out there knows why the SEC is requiring a quiet period, please let us know.
Wincom already is the dominant player in the IVDS industry. Unfortunately, that's not saying a whole lot. The winner of the Special Olympics doesn't get to be on a Wheaties box. With other technologies and wireless spectrums developing as fast as they are, it's just a matter of time before other companies see the need for home utility automation and fulfill the need. By the time Wincom is finished with their any-day-now financing, every home will be wired with fiber-optic cable from our local cable companies, which will allow the cable companies to provide everything that Wincom is trying to provide. The whole idea behind Wincom's business plan is that it would provide a less expensive and quicker entry for utilities to provide home utility automation versus waiting for everyone to be wired to cable.
I'm just perplexed as to why it is taking so long to complete the financing. There are dozens of ways to raise money, through banks, venture capitalists, secondary offerings (although at these prices that is a bit unreasonable), etc. It would just be nice to have a conference call or something so that we, the shareholders who collectively own this company, can have a general idea of what has occurred over the past several months and how the company is progressing with their business plan.
Don't give the board of Wincom too much credit. Their plan of the reverse merger into Struthers to get an Amex listing was a disaster, since they soon got delisted and have remained delisted over a year. Wincom would have been much better off doing an IPO, and they would have raised more money to fund their buildout. The reverse split was also a poorly timed disaster, because they didn't have any news or financing or anything to sustain the stock at the $3 to $4 level. It just gave the market makers more room to manipulate the stock down. Had they left the stock alone, market sentiment would probably have still pushed the stock down here under a dollar, but it would be pre-split so that we would all have almost 2 1/2 times as many shares at these prices, vs. what we have now.
From a shareholder's perspective, a company and their board should be judged by their effectiveness in increasing shareholder value. Over the last 14 months (since the delisting), I think we can all agree that the company has failed in this area.
Hoping for better things to come (any day now).
Gator |
