Roger and all,
Its been some time since I have posted anything RE:SIR or followed it closely for that matter. I am still a shareholder and in fact plan on buying more shares once the reverse split takes place (will watch it before doing so....bad experiences with reverse splits). Since the delisting and slow response of Nasdaq and SEC it has become apparent that STIG's plan/stock will not happen/move overnight as was possible before the delisting (some of my first posts pointed this fact out), and thus the other reason I haven't closely been following STIG. But, I have continued to hold because I still believe that if STIG successfully implements its plan, STIG will have been a huge profit maker for all of us in currently. Here are a few issues that I have recently pondered upon:
1) If STIG does not successfully implement its plan and at least generate minimal revenue, the company will be in serious trouble financially (I believe SEC documents reiterate this). As a result, at best STIG could sell its IVDS licenses which would be self defeating or obtain outside financial support from other companies involved (as have some prospective wireless internet providers).
2) Possible takeover. I am not saying this will occur, but if the IVDS licenses prove to be very cost effective in their implementation, it would seem attractive for those who are benefiting from them (such as the telcos, utilities) to buy the companies who own the licenses. Besides this fact, stemming from point number 1, if revenues or some greater working capital does not soon appear, STIG will also look like a good takeover candidate to those already involved in testing the service.
3) On a more positive note, the profit potential of STIG if it can pull this off is very large (very early posts and a recent post discuss the size of the market as well as the large amount of licenses that STIG holds/will hold). This factor is even more apparent when one realizes that the "licenses" are basically forms of entry barriers , giving STIG quite a large share of a quasi-monopoly market.
On another note, I believe that the merger between Struthers and Winco has already been consumated (this is in reply to someone and a recent article posted stating the 2 companies will soon merge). I encourage those new to the thread and unfamiliar with the extent of the IVDS licenses usefulness to read some of the very first few postings.
Comments welcome.
Christopher Hinton
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