SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Image Processing Systems (IPV-TSE)
IPV 4.310-4.0%Jan 24 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Wright who wrote (386)8/24/1998 10:29:00 PM
From: mariner   of 658
 
John
Like you I'm underwhelmed by IPV performance, cash position and the news of a big raise doesn't impress me. Management should be rewarding itself more with an equity incentive IMO. So far, this has probably been my single worst investment decision ever. I'm not sure where they're going now. Looks like IPV paid too much for Tisma and with Asian manufacturer's cash strapped, sales of IPV systems are likely to slow even more. Like you say they'll need financing soon. Stock is out at this price. More debt - I suspect the bankers won't be excited. Seems to me that someone who wants the technology could probably come along and pick it up fairly cheap right now. Unfortunately, I don't imagine that would get me out of my deep hole on IPV. Hoping things will get better - but zero expectations.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext