Followers | 4 |
Posts | 863 |
Boards Moderated | 0 |
Alias Born | 02/10/2016 |
Saturday, November 26, 2016 10:02:33 PM
At this point citing anything Nelson promises should not be considered a "correction". Did he not also promise a profitable year this year despite it being almost impossible to achieve because of stock comp? This stock comp was so lavish that it paid out over 100% of the performance metric needed to achieve it, which common sense (and posts I made over a year ago) should tell you makes it nearly impossible to achieve a profit.
Save this post. When Nelson breaks this promise in the future and I point it out just like every other promise he broke, people will say it wasn't it promise.
Even if you take out the stock comp that was previously on the books, the company would not have been profitable for the year in large part due to Nelson giving himself almost $1M in shares last quarter for no legitimate reason (the reason given was uplisting the stock to Nasdaq last year, which he already got a bonus for last year. It's quite telling that the comp comittee needs to go that far back in time to find an achievment worthy of his bonus).
The military / gov avenue is just the next in the line of radical changes in strategy to entice investors since none of there current plans are working.
1. The cell - failed and he probably lied a lot about it as well.
2. M&A roll-up plan - company is at a net loss from when they started that plan until now, by far. In any case it no longer has a future.
3. Storage - not even a real plan has evidenced by Nelson's bumbling the question badly on the conference call.
4. Military / Government - The next thing to give shareholders hope so they don't sell their shares while management does.
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM