Hey Bill - I'm here. Just watching. Still hold my shares. While I agree with Pipick that these guys lips are far, far too loose for US standards, I think it's more a case of stupidity and naivete than scamming.
Suppose you know what Nichemen must know (why buy shares in a company with nothing apparent except a warehouse of useless decoders, a crappy balance sheet and poor management?). Clearly something is about to be announced that has significant financial implications. Either that or Nichemen is even more foolish than TVL. If so, they and the Siddiqui boys analyzed what would be a fair value based on what they know. The number must have been north of $2.00, south of $2.50. Hence, the deal. How it got up there and the silly PR announcements just shows that there is an extremely large universe of brokers in Canada that cram shares down based on speculative news. Also, TVL plays to these types which is a clear weakness of the management. They have no understanding on how to build credibility with institutional investors -- only with silly, bucket-shop broker types. THey are clearly not very sophisticated --we saw this with the last capital raising.
Be that as it may, Nichemen must clearly have something to deliver and it should accrue some value over the $2.50 range. Or, the other possibility, there's nothing there and Nichemen will look real silly soon. At least one guys head will roll at Niche.
As for Pipicks worrying about why they didn't buy anyone else's shares, it's a complete red herring. The reason is plain and simple. One can sell them in the market for far more, the dilution would not have helped the cause, they must know that some cash will start flowing from at least one licensing deal. Anyone can freely sell millions of shares these days at prices well above what Nichemen paid. QED
Cheers to all - DES
Hey TZ - check the old messages --I told you to buy at $.50, didn't I. |
