J.D.R., Could you please expand on what you mean by an "also ran".
No secret I hold a reasonable number of shares of Forecross. My understanding from people outside of Forecross is that it has superior technology both in finding dates with minimal errors and in separating any converted code into separate files for later access.
Additionally, I have not seen announcements where BDM, EDS, Ciber, etc. have signed up with other Y2K factory solutions. This further solidified my independent research. Have you seen other announcements with the "also rans". I'm not being facetious. Please post them.
Hey, I have made mistakes in the past and if this is a mistake then it will no doubt be one that I will have a tough time recovering from as I am very heavily invested in Forecross. Everything I see says the only thing I was wrong on was the timing of the companies to fix their Y2K problem. This hurt Forecross and others. My belief is that it will help Forecross more than it has hurt as many will have to use automated solutions because there won't be enough time for manual conversions. Note that Forecross has increased staff to 65 people. If the company were about to go out of business, or not be able to cover their obligations, I doubt that they would hire additional people. Even a scam has its limits. Would IT folks really sign up with a company that is going out of business especially for options worth $11 per share.
Risk to me is not price volatility but risk of the ability of a company to increase earnings. I see a company with large earnings potential so while I see risk due to negative momentum, I don't see earnings risk.
Please help me understand more about your also ran statement.
I would also appreciate further understanding on how the margins aren't great. Since the software is developed, and the cost of sales is small, the variable costs are small which to me means the gross margins are huge. Once you pass the break even point which no doubt has increased with increased staff, it seems like a sale is 80% + profit.
Again, what you are writing is very counter to what I see. Even though I disagree, the negative posts aren't all bad because they have made me dig deeper than I would have ever dug. I'm not selling which means the deeper I dug, I haven't found anything to change my mind. |
