Uh oh, I rambled quite a bit in this post, sorry.
Unfortunately longertime shareholders like you were
bled nearly to death, and now that the share price
and value of the company are more in line folks can
step in for the bargain basement price of a buck a
share--what is that: about equal to cash on hand I
think (can somebody confirm this, my numbers are old,
I had something like 8M cash with market cap of 12M,
not so bad if the add-ons keep the company running (?).
Now my guess is, with their backs against the wall,
they will leverage whatever expertise they have in
the html/xml tools business, perhaps get some much
needed revenue from the add-ons and maybe the Elmo
console learning program, and a little bit from the
last gasp of sales of Hotmetal, and finally turn things
around.
The surprise to me, is that if a company like Zapata,
which does fish oil and sausage for crying out loud,
can come up with a plan to dive into the internet--and
produce a run in their stock, how has SoftQuad management
been able to be so quiet? Maybe they don't care as much
about getting the stock to run but are busy working to put
the company on a solid footing, heck, I'll take that bet
for a buck a share, price to sales, price to book should
look pretty cheap over the next year. A longer term
shareholder who has been punished through now does not
have the luxury that I have (the luxury of at any time
deciding I am wrong and bailing, for some reason long term
shareholders perceive a commitment to the companies they hold,
and are often punished for it) if you were in this whole time
you might as well hold it the next ten years--or if you
hold in a taxable account find a way to take advantage of
the loss.
I suppose the risk for everybody is still 100% tho--you
probably wouldn't own this one for your kids College fund;-)
Ooof, what a disorganized post, but maybe not as bad as
some of the posts I've seen out of esecurities hehe. |
