Marc,
I don't take too much exception with your comments, but there's a couple I think are overly simplified.
First, Obertueffer and Cole have not "staked their reputations on fonix" - anymore than anyone else who accepts a job or says nice things about a company does. Fonix can end up as a footnote in ASR history and it wouldn't be curtains for either of these guys. Their reputations are based on their work at their primary places of employment - and neither of those companies have any major stake in whether fonix succeeds or not, either.
Second, if fonix could sell out for $50 million, shareholders would get less than $1 per share. That's a downside risk of about 70%. You seem to think that's insignificant.
Finally, I think you overestimate how great an influence the press could have on fonix's stock value. At the present time, if the press told both sides of the fonix story, as people have heard it described here (very fairly, I think), I think it would have negligible effect on the fonix price, because it would be clear how speculative an investment this is, how questionable have been some of the moves by management, and how many promised timelines have been broken (weren't we supposed to have the first agreement with Siemens in the books by now, and some other announcements about licensing partners?) - all independent of the value of the technology. If you really think some press attention could induce a major move in fonix's price, you have even more reason to be upset with fonix's management, because they should have accomplished this by now - remember the big press release last summer about the company they'd hired to help with getting their story out?
Bob |
