Hi Bob,
I would like to relativate part of your summary on Fonix where you say < and the lack of any blockbuster deals after all this time rule out the Holy Grail hypothesis (would you agree, Frank and Scruff?) >
"After all this time" implies that we have been waiting for years for this or any other deal to happen, but realistically, when could we really have expected a deal? Only after the company received patent protection. Wether you now take april or july, it really doesn't matter, but since then not too much time has passed to see the first deal.
Now, I would concede though, that we were led to believe that things could've been happening earlier, but it was also not in the managements hands to determine when the patents would've been released. The fact that they've been released in late spring, early summer has been one of the main causes for this time delay, IMHO.
The perception of the time line is crucial in determining wether to invest or not in fonix and David Evans certainly did a good job to make people believe that it will take 3 years to see the first product or 3 to 4 month for the subagreement to be signed. There is nothing the company can do about it, except for signing the subagreement in a couple of weeks instead of months and bring out the first product in a year instead of 3, in the mean time we'll have to wait. For those like Bob, that are neutral, I guess this is a comfortable situation, for the longs like myself I don't think it makes sense to sell at this point.
Best regards.
Frank |
