Though also frustrated at the current price slide, I would like to offer another perspective from yours. I believe Dr. Markman is acting on behalf of the shareholders. Not short term traders, but long term shareholders. Since I have owned the stock, Dr. Markman has taken over a dollar stock with no product and no future and has turned it much more. Has it outperformed this "greatest bull market?" I guess it depends on when you bought.
He cannot control that GMGC is beholden to much larger players in their key alliances. He cannot control that these companies don't want certain information made public until they ae ready to go to market. And he could not control that he took over a company that was hemoraging cash.
The deal with the Preferreds was a deal with the devil...but it kept GMGC in business. Do I wish I understood all of the short term ramifications this summer? Of course.
GMGC could be at a higher price right now by selling out to certain competitors, by giving up control of their product, or even by selling off more of their patents. But they are potentially now on the verge of a tremendous break out. So much of what we have been waiting for is beginning to unwind. Intuit is targeted to start by the beginning of April. Wireless Knowledge is targeted to start by this summer. Qwest should start by then as well. Will more Carriers and more Internet companies come on line shortly? He has delivered on the Resellers, the Internet, a Carrier, and Enterprise solutions all in the time frame he promised at the Shareholders Meeting last June.
Where has he let us down? GMGC doesn't have any significant revenues to base its stock price on. The stock price is much more subject to investor whims than if it had a record of stable, or any, revenues. Have we had a let down? Certainly. But if one doesn't have faith in upper management here, one shouldn't own the stock, for it is all we can rely on. It is their execution against their stated business plan that they must be judged on. They cannot reliably project revenues on which to capitalize the stock. They could hype, but that comes back at you eventually. With the pre-Markman history of GMGC, it appears he has decided to take a very conservative PR stance...maybe too conservative. I believe, however, that as he continues to deliver on his promises we will be rewarded many times more lucratively because of these actions.
Let's hope that GMGC will put together a positive financial plan for the next year to eighteen months, that they will continue to deliver against their stated business plan, that some other of their key relationships cone to fruition in the near future, and that the market as a whole will see these actions and their market segment in as positive a light as we do.
Opposing and concurring opinions welcome...no sarcasm necessary.
Best wishes to all believers in the magic.
Seconds Out. |
