(Shareholder gripe)
Whenever anyone speaks with Steenburgen or Carlini...
Please communicate some shareholder dissatisfaction. Remind them ONCE AGAIN that management is obligated to act in the best interests of the shareholders; this includes communicating the Company's strategy and business development activities EFFECTIVELY to those who make and participate in markets.
The recent start of coverage by Dain Bosworth with a HOLD rating, especially it these levels just fries my grits and indicates a serious failure of management in that regard.
They may be in the midst of a "quiet period" of some sort, but it is still disturbing to me to know that JS had spoken of forthcoming news in the new year. I don't believe they're holding back, waiting to time the releases for maximum effect; I think they don't have any news to tell.
In my book, JS is losing credibility as a source of information. Maybe Amati is playing too "hard to get" on the licensing. So far there's a big goose-egg on the scoreboard, and if nothing appears soon, JS is going to be accused of selling smoke.
Very bothersome, and with no track record, my patience is wearing thin. Soros may be bright (and right), but the mechanics of his deal limited his downside risk. Not much of a vote of confidence, if you ask me.
From the balcony, take it FWIW. I'll be the happiest man alive if this dog turns. Remember, at these depressed levels, margin calls are just a point or two away for some... |
