(Much of the following is OT, too wordy, etc. Read at your peril.)
Truthie,
Like I said, I generally run away (from investing) when I see paid touts (and bashers) and if your info were current, I'd say go with it. Correct me, I'm sure you will, if I'm wrong, but they're not paying touts now. I hope they're not wasting money on touts.
I also agree that the Newmans took advantage of the roaring bull market to cash out an inordinate number of shares. However, they're not any worse than all the other corporate finaglers. I can't stand the kind of activity that takes advantage of shareholders. (I do have to commend you on that great line - that they're in business of selling stock not products.)
I think you do lots of good stuff and I don't disagree with lots of the things you write. Yet, I'm in, like I said, with a speculative position, despite the past, looking at it as a future hot stock.
BTW, I'm very interested in the manipulations by the arms dealing traitors to mankind that you have exposed. However, I think you may be losing readers on this thread just because the current connection seems tenuous.
I believe in full disclosure. I believe management should fully disclose that they are taking huge salaries, benefits, stock options. I believe dilution should be fully disclosed. I believe that paid touts should be fully disclosed. I also believe that paid bashers should fully disclose. If you have a position, or if you affiliate with those who have a position, long or short, that should be disclosed if you wish to be more than just an every day poster.
I'd like to go further and prevent management from doing much of these things or from hiding them in the fine print that most small investors don't read. I'll be working in the near future with groups to lobby against management abuses, many of which you have discussed.
As for XYBR, I don't believe they are as bad as the abuses that have taken place in such "stellar" companies as NT, LU, T, Q, not to mention all the dot.bombs and the small tele.bombs, etc. I know I sound like, "they don't suck as bad as others." Unfortunately, the rules currently allow management to rape shareholders. When there is an extreme bull market, most longs don't care because they are making money. I'm hoping this bear market and the internet galvanizes many of us to work against management abuses.
Is that POSsino you write about, the micro cap Blodgett? I think all those guys should be sued up and down every inch of their net worth. OTOH, affiliated short attacks, who work together, intending to influence the investing public, need to have mandatory disclosure. The Cramers, the hedgies, the day trading cartels, all have to be forced to play by the rules that small investors abide by. Until that happens, we will never really have free markets.
Despite all the above, and I think most of the SI readers know this has happened, the technology seems to have a huge potential despite management greed. They seem to have maintained the patent game despite some protests here and there. If their patents were all BS, as many bears have claimed, I don't think IBM, Hitachi, etc., would be associating with them, do you? If the patents continue to hold up, yes, this could be a billion dollar company. Eventually, the hardware will catch up with the vision, eventually there will be a high margin business, probably developed by others paying royalties to XYBR, in my opinion.
My advice to the Newmans would be to swear off any paid touts, declare that they are taking minimal salaries and/or buying back huge blocs of stock. They've made big bucks, at the expense of shareholders, and now is the time to show that they support the corporate currency. In this market, PR's without follow-up only get you so far. Results speak louder than words.
Best wishes,
RRUFFF |
