Just because a TNCi received the order, shipped the product, the product gets installed by a modification center, the plane does not have a tail #, Coopers & Lybrand chooses to ignore the revs because the plane does not exist in the FAA's eyes? Does this make sense? Personally I chalk this stuff up to a buying opportunity. The customer is pleased with the system, the plane flys with a tail number, now we meet the terms of the contract. Who cares, they will get paid!
If I were Fairlines and I had just bought the first fully digital In Flight Entertainment Local Area Network Video on Demand System, I would not give them a cent until the plane flew and the system worked. I would not care what the contract said, possession is nine tenth of the law. If you got it do not give it up until it works. Besides TNCi needed the feather in their cap. If you were the first supplier on the block I bet you would bend the rules to get your system flying first. I know I would. Please, start thinking like a business owner not a bean counter. Bean counters merely record the actions of businessmen.
Look it Port Mgr I am just an investor who looks for stocks that are turning the corner and TNCi has all the makings. The sad thing is they have had some bad luck and sooner or later these two new product lines will take off. They all ready have a major contract for Cruise View and one for Air View. You are looking backwards not forward. Wall street traditionally trades at a valuation of the next quarter, year and in some cases like Telligent five years.
Concerning the banter about professional money managers and their recipes for success. Your friend Chuck Royce is an exception and I am sure you realize this. In my mind the presence/image of a CEO of a company that currently does under 10 million in business is very import especially when he is landing 50 million dollar accounts with new product lines. It is very important that he looks the part, talks the talk and walks the walk etc. If I flew down to Alpharetta and met a fat unkept man with body odor and he was rude, I would be very worried about my investment. Not the case with the Riners, I returned home and bought more stock the day the price dipped below $3.00. What is more important is I am holding the stock because I can't think of a better place to put the money. Port Mgr this is a great buying opportunity and I am sorry if you can not see it.
Yes, I called people within the industry and of course a couple customers.
Lastly, lets try to keep the unproffessional remarks on Yahoo. There are serious investors here who spend their hard earned money to participate, please do not let them down. If you can afford it perhaps you should join? |
