Steve:
<<Trend, we are all bitter, but common sense will prevail once the fury over the quarterly numbers wane>>
I don't know if bitter is the appropriate word, as it conveys, to me anyway, an emotional, rather than a business response. The only tangible result of the stewardship of Hendricksen and Nelson is a share price of $2. One or the other, or both of them,is responsible for:
1)severly underestimating the length of time that it would take for a market to appear.
2)not having the "right" answer to the public vs. private loop issue.
3) adopting and then quickly abandoning the lan strategy.
4) and throwing Steve Snyder into the mix, guessing incorrectly as to how much money they would need to survive until the company was able to generate real sales, thus necessitating yet another search for more financing.
The business road is littered with bodies of leaders who have failed to deliver "the numbers"; in companies with a strong board of directors, Hendricksen and Nelson would now be history.
As far as not mentioning Roy's comment about Ancor being a cheap buy, I didn't consider it relevant to my post. My post was directed to the fact that Roy has been able to call, and apparently understand, the market better than the Ancor team. To your point of his evaluation of Ancor being a cheap buy, I'd have to say we all know why. And a cheap buy for whom? Certainly none of us shareholders who bought in above $2.
All this being said, the only thing that matters right now is Ancor's ability to find some new financing and to do it quickly.
tm |
