Again, I don't dispute any of the positives you articulate.
But there is one thing that can be firmly laid at management's feet, and that's continually raising expectations then disappointing the street when they fail to meet the very expectations they set.
-DJ told us last November there were multiple 20+ MW deals on the table. We've seen only one (and of course it was in Russia).
-DJ told us in March that we'd be EBITDA break even during the current quarter at that time. That was two quarters ago and it ain't happened.
-I think it was also last November that DJ told us quite emphatically that there were no further warrants left in the capital structure, and implied very strongly at that time that there was no need for further dilution, then WHAM, another 30M shares issued at substantially below current market just a few months later.
I'm no Wall Street pro and that's why I don't trade in and out of stocks trying to catch the peaks. I have a very long time horizon. But come on, 8 years to get my position in the black only to have the rug jerked out from under me by this guy talking out of both sides of his mouth? I knew this was risky when I bought it but I have a lot of faith int technology. But I'm pretty sick of having so much smoke blown up my ass.
At this point the only thing I want to hear out of DJ's mouth is that he's leaving his salary on the table and taking only compensation that is tied to performance, nothing else unless and until CPST can post a positive 10K. Not 10Q. Too easy to game. Profitable year, please.
