No, I believe they will definitely revise guidance UP for sure. It says it in the PR:
That's a huge thing to say. Companies do not revise guidance on a whim like this. I think they are about to get the money, and ramp production, sales, and revenue. This is very exciting. This is exactly what I wanted to hear. I've bought shares today. I think this stock is headed to a min of .70 in the medium term. I think the selling today is a gift. I bought a good amount today, and will continue to buy.
The remote access is clearly what was causing the delay. They have now gotten over the hurdle and time constraints of adapting the product for the 2 largest telco's in India. If they get substantial financing as the head of AXIS Capital just said they will, this stock will be worth a min of .40-.70. Probably goes to $1.00.
When this story gets out, and people find out that the former CEO of Apple and the co-founder of Seagate technologies are both on the board. This stock could get explosive very quickly. I know it's hard to believe bc it's been so slow, but I think that's exactly where this is headed. IR has explained that there will be a substantial PR campaign, possibly including another appearance on Maria Barteromo's show on Bloomberg as Gil has done before.
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