<once again, you have demonstrated that you are a complete moron ("death spiral convertibles..." -- you obviously have a comprehension deficiency, together with an oversized ego no less, i.e., claiming to have prophesied the financing; you and a hundred others....). >
I have to agree with others. Your comments are inappropriate and provide no value.
Like it or not, people who warned of the first convertible deal turned out to be very accurate. It seems the deeper you look into this story of convertibles, you'll find they just are not the preferred form of financing, or at least not the first choice of a healthy company.
I think the fact that share price went from $14 at the time of the last convertible deal to where you see it today may be cause for concern. Either they helped kill the up move we experienced at the time, or the market came to the realization that this business would be harder to sell than we realized.
From now on, I want to see one thing only, and that will be increased subscriber numbers leading us to have improved revenues. Nothing else matters. The last quarter was a devastating blow to me. I can not find any good reason for the numbers to have been so low.
So far, I have not sold as I have doubts that converts can do much more to knock the wind out of GM's sails at this point. They crushed us last year though and it's frightening that we will see further pressure. If I'm wrong though, every drop of $1 costs me more that I like to say as I've got more that 100 shares.
But, I'm still long. I hope there is enough value happening here that some company would step in and buy GM before we loose our investment.
Call me a moron if you like, but I think it's time for the company put up something of value and stop posturing. They have done nothing so far but spend money and beat their chest. I want to see some results. I'm tired of reading some nuance into every statement.
Regards,
Mark |
