Thank you for your comprehensive update on CYH, George. Was this a written response you received, or do you take very good notes while on the phone? :)
I'm actually surprised the stock hasn't been doing as well as I originally anticipated about a year ago. Now that I am working in the telecommunications industry, I have a better appreciation for the type of technology that Compression & Encryption Tech has. I currently work with a lot of the Paradyne T1 CSU/DSU products, and I know that Paradyne has very high standards and their products are of the highest quality. I believe there is a good market for WAN-based compression/encryption with the growing activity on the Internet, including financial and business transactions. As well, much of the telco-based networking uses frame relay or T1, and bandwidth can be costly particularly in rural regions.
Despite all these applications, I find it hard to project the ultimate effect on CYH until I see what the revenues are like from existing products. Looks like I should put in my request for the Q report, unless they will be issuing material to all registered shareholders.
Not much stability in the stock these days, with swings between 0.50 and 0.85 on low volumes from day to day. Incidentally, do you remember why the stock consolidated 5 to 1 way back? I was in at 0.33, pre-consolidation, and I thought the reverse-split was to form a >$1 share in order to qualify for institutional investment interest.
Oh well, I yawn at CYH...
Thanks again for the update, George.
Ben |
