No disrespect intended.
None taken. And yes MUCP is probably our largest position at the moment due to it very cheap price. I got interested in the company again when I started seeing the AIME licensing deal bearing financial and marketing fruit. They have teamed up with USW to offer set-top boxes to their customers subscribing to their ADSL service.
I never questioned the technical quality of their products. What I and others questioned were the company's representatives, Forte' Communications and the initial repercussions of how the company went public through reverse merger back in 1995.
Personally, I think the company has some very lucrative licensing agreements coming to fruition (despite the CEO's seeming inability to deliver the goods in the past). They also have finally realized that they have to do some deals for their stock to become attractive again.
I also think they have gotten their PR issue resolved, having hired the same PR firm that represented CFON last spring (although CFON misled everyone by not having an actual box to sell at the time). Their new PR reps really seem to like the company potential given the enthusiasm they experienced for CFON at that time. And MUCP is CFON with serious "teeth" behind it as represented by their technology.
Finally, I'm also predicting, with adequate elevation in price, that the company will be applying for full Nasdaq listing before the end of the year. Given that they have little operational overhead and will collect a nice royalty stream from their Asian contacts, their earnings should be higher than their competition as OEM will bare all costs of manufacture and marketing the boxes. (Kaching, Kaching.. as the $$ rolls to their bottom line).
It's been a long time in coming Kip, and while I was trepidant at first about reassuming a position, I feel is certainly more solid than two years ago when the stock was trading at $10-13. And given that MUCP original "sugar daddy" and insider/owner of 10%+ of the stock, Mark McLaughlin (no relation to Charlie), has been buying the heck out of the stock in recent months, I think he knows something is up.
JMHO, (caveat emptor).
Regards,
Ron |
