Wiseowl, either put up, or shut up.
I more than anyone here enjoy a contrarian opinion,
but I'm entitled to make one because I have a position
in this company's stock. If you are long, or short,
or talking this stock down to go long, then say so, but
if not, then stop bothering investors (up or down)
in this issue. As for gambler, remember, he's still
fresh at this, and has not learned to ignore our kind.
While I'm not happy with this stocks performance since
the .40 price level that I bought into, at least it's
weak before the web site launch than after. So I'm
using this low price to double down my position to .30
Now, why would I be crazy enough to buy this stock?
first of all, I'm prepared to lose all my money.
then I figure, you've got a pretty good tape/cd
reseller that was overwhelmed with a growth spurt
when consumer reports wrote them up. Since then
they've lost lots of business, and card resellers,
so they decide to marry a failing call center
company in need of a product to distribute. After
these two players sit down together, they decide
to remodel their operations on a internet based
system who's developement will delay their sales
operations for a while, but they believe it will
be worth it in the end. So they attract several
capable people from other companies, sign a few
side deals, the major problem being that there
is no money or credit around to pay for all this.
So after the CEO throws in a few million of his
own to show a vote of confidence, they go ahead
and issue as many shares as they can to pay the
vendor bills and new talent, all on the premise
that once things are up and running, the cash
flow will more than justify a higher stock price.
So, when I see sales filing, with no sales; from
the same guys who must renew their filing every
90 days anyway, I'm not too concerned. If the
web site is delayed another month, I suppose they
want to get things right before it's official,
so as long as they get the back to school and Xmas
season, a month either way will make little difference.
I'm sure many event driven investors will bail out
when the site is launched and reviewed, and with
all these new shares around, things could be dicey
for a while, so short term, you should get a nice
pop, and longer term, you may have to be patient
until a quarter or two's numbers can be scrutinized.
Either way, it's an interesting, albiet risky investment,
that would make a nice diversification to any portfolio.
Wiseowl, if you can stand some advice from a veteren
stock board poster, it would be this. You are welcome
to comment on events effecting a company anytime, but
you should gently comment on share price unless you
are an investor (long/short). Over the years, I've
lived on many threads on SI, and other services, and
whenever I revisit a stock that I once owned, or want
to own, I never comment on the stock price, just the
issues at hand. Once I'm an investor, you can be sure
I'll be there yelling about every tick if need be. So
please calm down all the rehtoric here, and let's get
back to sharing information, question, rebuttle, but
not all this sniping about how stupid we all seem to
be investing in a stock that's still down from $2.00,
or about how brilliant we are to have "waited" for
the chance to get more shares so "cheap", since frankly
both sides of this discussion sound ridiculous. |
