What do you call the bounce to around 2 3/4?
Or the opportunity to get out at 5, 4, 3, and 2?
>>last chance to leave<<
Hey, we're all holding today not because of choice, but because trading is halted. You can have the feeling that you'd hold anyway, but the facts are, you don't have a choice. Once trading resumes and the whole truth is out, if you believe it will be out, we'll see who keeps holding. Greg, what are you going to do with your 10K shares you bought at 1 3/4 if we open at 1 3/4? What if we open at .25? Point being, nobody knows anything. I'm sure Greg won't do anything without more information. How much will he believe of what he reads though, and what good is talking to the lying bastards in management? Plan for the worst and hope for the best.
All IMHO-->
Once we get slaughtered with the restatements downward of years gone by and the loss for the quarter and the year, and without any buyout, the party's over and I'll be bailing. I don't know if I'll look for the open of the bell, the close, a few weeks after the release, or what, but I'll be looking. I don't care what contracts are announced. Because without a buyout, the current management will drive this company into the sewer. The market share opportunity is gone. They may maintain a few customers, but look at what happened with the FoxPro of years gone by. They came out with Visual FoxPro which was really a totally different package. Nobody could convert their stuff without lots of work. So eventually everyone went to Access, PowerBuilder, Visual Basic, etc. And look at Delphi, sure a better product (Borland usually is) but late to market and so Powersoft, Microsoft, etc. won because of market share. When the stuff doesn't convert, you consider the new package along with other new packages because it isn't an upgrade any more. And what new customer's going to buy from a company going belly up? Nobody. Nada. It is important in my company to put our new mission critical applications with software packages that have firmly established well rooted companies that you *know* will exist 3 years down the road. Which of you would *realistically* stake your corporate data on Altris today. I mean, get real. I've seen the software co layoffs. All the crappy developers get canned (layed off). All the marginal developers and really good developers get to stay but are so spooked that they start looking. The good ones get new jobs and say "boy, glad I'm out of that environment". And all the sudden all you have are average or below developers (or a bunch of contractors that could care less because they won't be around long enough to do any maintenance).
We were all BSed into believing that EB was announced, done, baked. And the thing doesn't work, can't convert, and doesn't sell. Unless we have a buyout by someone that can manage the software development vs. Jay's "all in the family" crew, I'm looking for an exit point somewhere above zero. Maybe another company like OTEXF or someone else could get the thing to work AND PUT SOME CREDIBILITY BEHIND THE CORP! Without a buyout, this company and the lying bastards called management are doomed. Believe me, I believed in EB and Altris at one time. I still think from what I've been exposed to, EB has outstanding potential, but the product is entirely doomed without a buyout to reinstate some backbone and credibility. Without a buyout, this isn't dead money for a few quarters, this is just dead money.
All IMHO. |
