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what good news
the company has never turned a profit or generated any cash from operations
they continue to dilute the stock by issuing convertible debt
Quote:
Spencer is competent.
and yet the stock price is down what, about 10000000% since he took the helm
LMAO
LMAO, if this isn't a pump and dump then what is
slow and steady decline, then blows up in ur face
yeah, with 3 million in expenses and no cash flow and constant isuuances of debt
not so huge, lol
so you think it will be .0039 to .013 within a month
wish i could take that bet cause i'd bet the ranch against that prediciton
define multi-bagger and short term
is it going up 10%, 20%, 50%
in 1 week, 1 month
???
keep telling youself that the company is not selling shares when in reality the stock is being diluted on a daily basis by debtholders converting, stock issuances to pay salaries and vendors etc
mark this post, i guarantee that when the 10Q is filed you'll see an increase in the OS shares from the prior period
despite the fact that the company has revenues they're not generating any cash and will have to issue additonal debt to keep afloat
this has been their operating plan for a long time now and will continue; therefore this stock is going nowhere but down
this is news?
i remember a press release recently where the company stated that they had increased revenues by 40% from the prior year
when the 10Q came out they reported a 24% decline in revenue
who can you believe
LMAO
check out the S8 filed yesterday
offering another 10 million shares to pay employees
that won't last long
Quote:
COWI During the first half of calendar year 2012, CoroWare's Enhanced Collaboration Solutions business unit:
doubled the number of white label resellers of hosted HD videoconferencing subscription services, domestically and internationally, including Israel
added 4 new CoroCall? sales representatives and reseller partners in 4 European countries
signed an authorized reseller agreement with VidyoCast
increased monthly CoroCall HD Video Conferencing subscription service usage and revenues by over 25%
During the first half of calendar year 2012, CoroWare's Robotics and Automation business unit:
increased its product and service revenues by over 40%, compared with the same period in fiscal year 2011 If you read the 10Q why does it say that their revenues decreased by 24%???? Why do you keep spreading false information - are you paid by the company to pump it
shipped CoroBot? Classic and Explorer mobile robots to customers in India, Israel, Malaysia, Singapore, Germany and North America
added 4 new CoroBot distribution partners in Europe, Asia and North America
delivered ROS Upgrades for existing CoroBot Classic unmanned ground vehicles (UGV) in North America, South America and Asia
In addition, the Company continued to streamline its General and Administration expenses as well as reduce its Sales and Marketing expenses in order to achieve operational profitability.
hey johnny
what happened to the press releases the company issued about the increase in revenues and all that other good stuff
did they take them off the board??
you should call your buddy lloyd and find out why they disappeared
guess it's working, i do own you
i love this board
anyone on here make any money on this stock - i doubt it
keep on pumping this POS, it won't make a difference in the long run - it's doomed
how many more times can they borrow money
and do any of you realize that the debt holders are converting way below market and then selling
i guess i own your mind, you my bitch
Here's an interesting post from way back from one of the coroware managers at the time
CoroWares BEST employees are leaving!
They have seen the numbers and are jumping ship!
We were offered options at 4 cents, thinking this would keep everyone around (I am laughing as I type) Question Lloyd, does this include all our "old" options as well? Are you going to take the "blame" if we all lose our suits on this?
What about all the debt Coroware has? Who is going to pay that? Does Yorkville know that we haven't paid our subcontractors? Some for 6 months? Some have threated suit. SOme have even said they would NEVER work for CoroWare again. Boy that helps us a bunch when we need them to help grow the business.
Our vendors are starting to get VERY upset as they too have not been paid.
I have stood by long enough to know that Lloyd does NOT need to be "driving this ship". I have personally told Lloyd this, and he ignores it.
Working for the Big MS for many years, I can tell you now that they are not very happy with the services being provided by Lloyd. We WILL lose them, so you cannot count on having that income coming in.
You watch, tomorrow I will guess we will lose anywhere from 2-4 GREAT employees because of Lloyd's BAD management.
Who will Loyd blame now?
The first time we hit bottome, he blamed Tim Frazier our CFO.
The next time it was David losing his BIG job in CCF.
Then it was DM oh and don't forget Ken! (he was a criminal, so of course he could be used as a reason to blame for CoroWare sinking fast.)
No wait, he will blame Daniel's departure or Brian's departure (which he has been doing) or no, maybe the sales team maybe even our new overworked HR Manager. No, he will find a way to blame our new CFO Bob. I don't think any of us will have a job come the beginning of 08.
We are all being called by competitors, yet because of the freaking NDA's we HAD to sign, we will all go hungry. Thanks Lloyd!
Investors of INRA, here this now, CoroWare cannot even make payroll without Yorkvilles money. Does Yorkville know this lloyd? Do the investors/stockholders know you have been lying to them? Oh, that's right, they haven't known you as long as we have to know that EVERYTHING coming out of your mouth is either a over promised, under delivery, or a staight up lie!
Hell, they cannot even pay Office Depot (we owe them too much money)
All our good employees are jumping ship!
Call Lloyd on Monday, all you shareholders/investors. Ask him how many employees he lost.
He will put the blame on anyone but himself. I have had plenty of oppertunity to grow this business, but Lloyd always screwed it up.
What are you people thinking giving this man/company money?
Get out while you can, the CoroWare ship is officailly sinking, and they are lying to you all!
What does that say about lloyd's ability to lead??
not much
Actually their debt is about $12.3 million
The problem with this is that they can not generate cash from operations and continue to borrow just to stay afloat
This obviously can not continue forever
The other problem is that the debt holders have and will continue to convert their debt at deep discounts to the market price of the stock and then turn around and sell the converted shares
This has and will continue to keep the stock price down - sure it may go up a little bit from time to time but I would not rely on what you see on the bid and ask as the true picture of what's out there to sell
JMO
Noooooo!!!
Please don't do that
I'll be pissed
COWI
As of August 20, 2012 the company had negative working capital of $12,000,000 and an accumulated deficit of $25,000,000
Cash balance as of August 20, 2012 was $400.00
Go for it
LMAO
yeah, gotta keep you honest, thats a difficult task
you F'n pumper POS
down significantly from prior year
get out now
COWI looses money againBancruptcy filing coming soon
Get out while you can
You've been warned
dude, you really have to stop lying about this stock
It's a POS, always has been, always will be
LIAR!!!
you should really stop spreading false information
LMAO
gee, guess they didn't quite make that 40% increase in revenues
Also, where did the press release they put out stating that revenues were increasing go - it seems to have disappeared from all the newswires
guess that lloyd is a lying sack of s**t
you just can't trust these scammers
good thing the 10Q is coming out today
when they show huge increase in revenues (40% was released by the company a short time ago) this stock should go to the moon
guess it got a bit thicker
LMAO
It's interesting how you speak about how lloyd "inherited" these burdens as if he had nothing to do with it in the first place.
he and the company might be great people with great ideas but if you knew the entire story your sentiments may be different about his so called "inheritance" of the financial situation they're now faced with
perhaps you should go back to a time long ago when cowi was a sub of innova and see how this all came about - of course you'd have to take off the rose colored glasses to get to the truth
Just sayin
yeah, it will go to dollarland as soon as they do another reverse split
LMAO
This POS is going nowhere - look at the sell side
All that convertible debt, there are millions of shares to be redeemed and sold
suprised that people would buy - guess they think it's worth a shot
still down significantly from .02
The only way this is going to rise is another RS
Do you realize how many shares are waiting to be converted and then subsequently sold by the convertible debt holders
Read the filings and you'll see what's going on
And no i don't believe this stock will rise in the future, i doubt that the company will show an increase in revenues, and they most certainly will not show a profit or any cash flows
BREAKING NEWS
COWI down 91% since reverse stock split
Investors are beside themselves
Why did I buy this thing
When will it go back up
Who's doing all the selling
These and more questions to be answered in the coming weeks - stay tuned for the 10Q filing and your questions will be answered
Thankfully the company is going to report a 40% increase in revenues - that will surely drive this stock to the moon and beyond
Then again, maybe they didn't increase revenues by 40% or if they did their costs increased by 60%
little bit of pressure on this POS
going to no bid any day now - then what???
another 1 for 200 RS
Reasons for the Reverse Stock Split
The one-for-two hundred reverse stock split is necessary to support the Company’s market price and is in the best interests of the Company’s stockholders. In addition to increasing the price of our common stock, the reverse stock split would also make our common stock more attractive to a broader range of institutional and other investors.
Increasing the price of the common stock - how's that working out for you
The price is now at .000025 (down from .0001) based on pre-split levels
How long until another reverse split in order to increase the stock price and make the stock more attractive to institutional investors (you should be institutionalized if you buy this POS)
well it certainly didn't take long for the POS to go sub penny again
it will be time for another reverse split next week
kidding about??
what products do they have besides the corobot (which they sell to universities to do research and hardly are a significant source of revenue) Other than that they do consulting for microsoft
The company holds the majority of the stock now since they issued the new class
so the shareholders have no say in any matters regarding splits