Comtex News Network, Inc. (CMTX)

[limestone]

This will interest all. I live in NY and was able to visit CEO Chip Brian in the Manhattan headquarters last September 2015. I met with Chip and one of his R&D experts. I have been a shareholder in this Company since the IPO in 1981 when it was called Comtex Scientific. I had met Mr. Brian on at least 2 other occasions in the past including the June 2010 reverse split/Go Private shareholder meeting in Virginia. To say the least I was not impressed at our September 2015 meeting. I pointed out at the time that the Comtex website was not functioning properly with no news updates as designed. He was "unaware" of that and would address it. He theorized that the lack of increase in revenue was a result of competition and client budget issues which has been the song for the last 8-10 years. He told me they had just recently opened a wealth management option for clients. They had a paltry 2.5 million. under management. I could not figure out how he can justify his salary year after year with a declining revenue stream. But just before I left he asked me how many shares I owned. I told him and he asked me if I would be willing to sell them back to the company. I told him NO. No point in selling now after all these years. I left knowing my shares would not be appreciating anytime soon. They were trading @ $2.50 at the time. I also was wondering about the last comment offer to buy back shares. In November 2015 he was replaced by C.W. Gilluly who I also met many years ago. He was the original CEO. Brian is still there on the Board. The main company website has gotten a complete makeover and SmarTrend website looks professional. With the stock trading sporadically there seems to be some interest. I have no idea who is buying or selling. But any activity is good after all these no/bad news years. The fiscal year just ended in June. We'll see in September with the meager annual update if the company is finally in turnaround mode. I am hoping for an acquisition or complete turnaround. Either way I am hanging on and will not be selling until I see a major appreciation in price or something definitive forthcoming.