Jack,
You are right, I can't list a single company that is in Altris' unique situation now that went bankrupt. I can list companies that went under (who can't), but yes, Altris is in a unique situation. I'm stretching to think of a company that has gone into the ground under a similar situation. Let me simple state the following: There are always shareholders in any company until it is delisted. These shareholders must believe there is some hope at the current price or they are simply gambling. Go onto the thread of IMES a few months back and you'll read about a group with a single visionary product, a JAVA chip, with hope, vision, etc., buying a value company, believed, believed, believed, etc. Where is that co now. Altris is completely different than that co because they have an existing client base, a product, etc. But do they have a new product? Will they grow? What company would buy EB from Altris, or any *new* software from Altris? But my point is, every shareholder holding onto hope believes that somehow their situation is different.
You make good points. I don't know who bought the shares, either someone with more dollars than sense, someone trading illegally with insider information, or someone with lots of hope. And I don't know who would support Altris' existing customers if/when they go under. I'm sure the client base is wondering the exact same thing. Look at FILE and DCTM. Maybe they're going up with new client bases from Altris? Who knows? In the apparent dire financial situation Altris is in, I wonder what kind of golden parachute Jay has been pushed out with?
If they are actively on the block, that is a good thing. Great that Jay got canned (or whatever you want to call it). Him out of the picture makes Altris more attractive as a corp. No baggage. Point is, who knows? When are they going to give a rip about us, the owners, and tell us what's up and let us either buy further in to the dream or sell out?
- Steve |
