Alys - how can you possibly suggest in an open forum that shero is well informed? He has repeatedly admitted that it has been years since he has talked with management, and it appears from his own statements that management wouldn't give him the time of day if he did talk to them.
I agree with you that these posts are full of HINTS of fraud and deception.
Does this worry me? Well, yes and no.
Yes, anytime there is a hint of something wrong, one would be a fool to ignore it.
No, if all we get is month after month of vague hints, then I start to dismiss it as idle chatter. I start to look for other reasons for the "hints". I start to think that the people doing the posts are letting the ticker do their thinking for them. If the stock is up, they are happy. If the stock is down, they go psycho.
You know what I do when people go psycho about a stock? I read what management writes.
Even shero and davis admit that rudy is very conservative when it comes to company statements and disclosures. If the company puts something in writing, then I tend to believe it, rather than believe what the psychos are saying on the Net.
Suggest you do the same. Read the Management Discussion in the 10-Q. There is plenty of discussion about what is happening at the company. Where the dollars are going, etc.
Admit it, shero's "burn rate discrepancy" dog is not hunting. It just isn't relevant to understanding the fundamentals at the company. I'll tell shero what I told celeryroot some time ago: the company is far from being cash flow positive, it looks like the burn will get worse before it gets better, it takes cash (and raising cash) to build a potentially big company. Get used to it.
Read the Management Discussion. Investing in Peregrine technology and patents. Development activity in Europe. Financing in the works. Licensing in the works. I think the management is telling me they are thinking big.
I for one am thrilled that the stock is headed for $2. It makes it cheaper to buy the stock. I own more today than I did 90 days ago. I guess I like the prospects ten months from now and two years from now, relative to the current stock price.
In the end, you shouldn't listen to shero, listen do me, or watch the tape. You should do your own research.
And, you should make sure you understand the risks and the TIMELINE of future developments. The stock isn't hitting $100 by Dec. 31 1997. |
