LBAS - Location Based Technologies Message Board

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Technology Stocks : LBAS - Location Based Technologies

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To: locationboy who wrote (71)	3/26/2010 12:17:17 AM
From: notimetowaste2	Read Replies (2) of 152

I decided that I will try and be more balanced in my commentary from now on. Locationboy is right on one thing. I have been only slamming LBAS. Although they deserve a lot of it, I should be more balanced. Problem is, I, like many, am a bit ticked off that they are such a mess right now. They had a great story two years ago. They were ahead of the curve at a time when the market was maturing, and then they fumbled big time and lost momentum at a crucial time. I am not sure if they can recover. They have some solid foundational IP and technology, but that isn't the only factor required for success. Trust me, I have friends in the IP industry that do nothing but pick up good patents from failed companies for pennies on the dollar. BOTTOM LINE IS THEY NEED TO BUILD MARKET MOMENTUM IN A CROWDED MARKET AND THAT REQUIRES LOTS OF CAPITAL; therefore, the only question that is important right now about LBAS is this: Can they get additional funding without cramming all the current stockholders down and diluting us out of the picture? That's what it really boils down to.

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