Hahaha, you guys are crazy! Do the math:
Artecon buys Falcon for an undisclosed sum (i know
it to be 4 million) and then says they are a 170 million
dollar revenue company... over half the Falcon sales staff
leaves (all the experienced ones) and Artecon downsizes the other
half of the Falcon support staff out of jobs....
Half a dozen serious contenders to Artecon have risen from this chaos
alone... (ie Quest, who didn't compete in this arena before the talent
from Falcon left, just bagged a 3.5 terabyte deal from CERN)
STDM just paid 65 million dollars in shares, for what was worth no more than 8 million, on the backs of people like you.... and they are saying now they are a 170 million dollar company in sales with this merger..
what happened to the 170 million they had before this merger? it flew away when the Falcon sales staff left...... Now they need STDM
to be 170 million, only the management at Artecon is so worthless
you can COUNT on mass exodus from Storage Dimensions...... the
headhunters are already crawling all over the place.. Artecon
is notorious in the "bus" for paying low commissions, and therefore
attracting pretty boneheaded clowns for salespeople...
what you people have is shares in a junk storage reseller
who just went public and issued 150% more shares in Storage Dimensions than were previously outstanding, and you want to support this stock at $4-5????? there are about 22M shares outstanding
after this deal. And if you notice, STDM management is out.
The catch all phrase about "the current CEO" sticking around to transition is bogus; they said the same thing about Craig Caudill, the Falcon CEO, who was gone before the ink dried and has already formed another company, yet another challenger to this venture....
Artecon wasn't even smart enough to get a no compete from him.
These people have no proprietary technology worth a breath,
and therefore have nothing to deliniate them from any of the other
hundreds of resellers like them:
Who got the money? Craig Caudill, 4 Million
Jim Lambert, Dana Kamersgard, W.R. Sauer = 65M
all funny money issued by you people just
yesterday for 8M worth of two small, dying storage
resellers!
When "the dust settles", all you'll have is a very scary P/E..
and maybe a $1 stock. Have fun ! |
