The stock is still under $1, pre-RS currently. Lots of talk last year about corv getting to the $5 - $10 level or above...heck, right now, after this nice gain, you still need over a 200% gain, just to get back to $3 pre-split...and how much of a % gain will be needed to hit $10 pre-split? I can't count that high<g>.....
They had to do the rs...dont think they had much choice...but this is still the same company, with the same management that has changed their minds how many times now...and misled investors for how long....what will their new biz model be next year...seems like every year they try to re-invent themselves and making pathetic deals like the dorsal deal and etc......
Also, call the company and talk to them.....most IR Depts push alot of hype...bwng is very careful to say they are not making money, they may never make money, the competition is extremely tough, and yes, they are getting new contracts, but they may not be making any money on them........Does not sound like a confident company at all.....And you compare them to TASR? TASR has a product with such huge growth potential it is ridiculous...they are MAKING MONEY, and LOTS of it..and projected growth is extreme....and I dont see much competition to where they have to give their product away at a loss or break even, just to get a contract......TASR will have it's 'legal' hills to climb, but comparing TASR with CORV/BWNG right now in late 2004 is like comparing apples and doughnuts.....not many similarities at all...... |
