David, I guess if at least a part of what we had found links to in the past year materialized, I wouldn't be as negative. It would also make me feel better to turn on the TV, pick up a news paper or hear an ad on the Radio with Identix's name on it. To date, all the big deals have turned out to be little deals or no deals at all. All the new product announcements have not materialized on schedule and the company seems to have an adverse relation-ship to the stock-holders after the lawsuit settlement. We lost some major analysts coverage and were downgraded by almost everybody after last quarters poor earnings.
On the company awarded options, I have seen a lot of other companies show poor performance and poor judgement then vote to reward themselves cheap options at the shareholders expense. If they were to award themselves low priced options after a lousy year, lousy P.R. and massive insider selling programs, it would indeed be rape.
I did not buy this stock at the highs, I did buy it from 7 1/2 to 12 1/2. A few years ago, I lost 18,000 dollars on IDID in two days and could justify it because the company was crooked and I was an idiot for not researching it properly. Now on IDX I am down almost 45,000 dollars in the two years I have held it. The difference, I studied the hell out of IDX and found it to be a legitimate company with huge potential. Yet, this company is making me look like an idiot again!
This stock is not down due to poor luck or Asia or some mystery of science. It is down because it has a huge credibility problem created by top management, a lack of good P.R. and a C.E.O. that has not properly defined his vision and direction to his share-holders and employees.
This is only my opinion and is not met to influence anybody, but it is met to wake some people up! |
