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Did you try calling Mrs. Sommerfeld? This is the phone number they have listed for her, 416-452-8450, and I think it's still current.
Weren't they supposed to raise $45 millions by June and start new clinical trials? What is that new CEO doing all day? I thought that was her expertise,funding biotech companies.
I'd rather have them not rank at all, but have the share price go up. What good did it do all these years when they ranked first?
Why don't you write directly to the new CEO and tell her all that every common shareholder thinks after 15 years in the dark. Maybe she'll explain what their strategy is, what will happen to us common holders and why there is no promotion of the company to the investment community.
More than enough to file audited financial statements.
2 cents!
I'm not really in the mood to sing Niclas' praises at this time. I do not contest they have made progress, but from the s/p point of view, how does theirs compare to other companies' in the 4-year span? I could almost bet that no employee of the combined companies of UCPA owns any shares. Why? Because, probably they realized that for the moment, there is no reason to put their money into a worthless stock when the year-end bonus alone is the equivalent of many,many millions of shares.
For a company that wins accolades every year, they do not seem to attract enough of the high profile customers in Scandinavia.
I'm sure Niclas is a great advertising executive and did well for himself and the employees, but for us, American shareholders, he did not deliver.
Precisely! Why do you think Carl left? He got tired of waiting for Niclas to make the necessary moves. Being a younger guy, he figured he could get rich much quicker by getting out and putting his money elsewhere. I bet that new company he's involved with will do much better than UCPA in less than a year. Meanwhile, Niclas is very content with the status quo: super good salary and benefits, no intentions to retire yet, hence no need to prop up the stock. He runs this as his own private company and he will not move a finger until he is ready to collect,which might be many years from now. "Fiduciary duty to maximize shareholder value" must be untranslatable in Swedish. Next financials in "only another five months"!!!
You obviously have not been following the pharma stocks. There are many,many multi-billion biotech companies with much less than AVXT in their pipelines.
He might be alive and sprightly, but the share price is on life support as it has been in a coma for years now.
Did he happen to mention which decade the shares are going to be worth something?
We are the laughing stock (pun intended) of even the OTC.
Darn right, a few more days of heavy trading and we will have an average 10-day volume of zero!!! Not many companies can reach this level of "performance".
Just wait a couple more months, LOL!
Me too, only two decimal places to the right.
If they do not already, they should definitely file for an utility patent on how to decrease the share price while growing the business and maybe even be profitable. Carl did leave for a reason.
What is he talking about? Don't you have to have profits in the first place, in order to increase them by 15%? Is he saying they're going to be profitable this year?
Is there any other company that any of you know,that makes 50 million dollars in revenue and has a market cap of 1 million?
I am not sure Carl and Mia leaving is good news. Would any of us leave knowing the company is about to experience significant growth and profitability in the very near future? We do not know the selling price, but I doubt it was in the pennies.
Sure is weird. Would you leave and sell for nothing knowing that the company is on the brink of profitability with an upside potential of many times the current pps? I do not think this is good news. He could have left without selling if an upswing was imminent.
Spelling error, sorry! Sometimes, speech recognition does not work properly. It was supposed to read "Maybe management are big fans of ..."
Maybe management are a big fun of the George Costanza of Seinfeld fame philosophy and figured out that if increasing revenue and client base do not work, then the opposite must be true. So if we see lower revenue and diminishing margins, then every potential investor out there will want a piece of this company and the volume and pps will skyrocket.
So, the clients are postponing their media spending for later in the year, then in the 3rd quarter everybody is on vacation in Europe and they have nothing going in the US. I think this might be the first year with declining revenue in a long time. Does not look good, I wonder what is the good news Nicolas told B/C about?
No, it would not be nice, cause it would still be at least 10 times less that what it should be.
Never say never, but if they keep growing and stay in business, it may take 10-15 years to get to $1.
You're never going to collect anything from this company. Ken thanked us for our patience in the newsletter and we're gonna need lots of it. On the bright side, if they can double revenues every year for a few years, at some point it would be easy to turn profitable just by some accounting choices. My opinion is that even now they could do it but, purposely avoid to, because of their growth strategy. I believe they will not show a profit until they are confident it can be sustained for a period of at least 6 - 8 quarters so they can collect big time. When will that happen is everybody's guess; it could be years from now.
0.005? You've got to be kidding me!
I believe NBI said a few months back that the industry average is 1.3 times sales. That would be 0.04/share or at least 0.03/share.
Unfortunately, that is the sad truth. How many sub-pennies can do $ 50 million in revenue? Not a single one, because if they do, then they won' t be sub-penny anymore. We have picked the only one out of tens of thousands of companies that can do that. Could have never done it on purpose, the odds are too low. Now, can the two Swedes change this overnight? Yes, but they will not, because it is not in their near-term plan and they do not give a damn about us minority owners. Rest assured, when they will decide to exit, the stock will go sky high, but that might be 10-15 years from now.
It's all we have left with this company, perpetual hope, from one quarter to the next. I think that from the beginning of the year we had more than 40 days with zero volume, not to mention the pps.
Thanks,BC. I wonder what is he busy with? It's been more than a year and a half since he became a board member and CMO but, we have yet to see any US clients. It might not even be his fault.
What happened to Ken? Obviously he was not able to start any operations in the US, but I was just wondering if he is still with the company?
Maybe you should e-mail Niclas the original post and ask him if they are going to do $ 100 million this year?
Right on! As everybody noticed, communication with the company has died down, because there is really nothing to be said; and it is sad, obviously only from our point of view.
Exactly! At this point,after so many years of complete disregard about the share price, I couldn't care less about corporate responsibility, saving the planet and other BS along the same lines. I have only five words for the management and the BOD : Show me the money,already!!!
Tells you how much management and the BOD "care" about the other shareholders and potential new investors. The financials have been out for a few days now and no posting yet.
So, 60% of Bizkit was worth 100 million? Any idea about their financials?
I wish he would post news about new US clients rather than academic matters.
So, he's also had about enough and needed to vent a little. But the truth perspired, although we already knew it: we are in minority, he's in minority, they do not think like us Americans and probably have their own agenda. As it stands, we can't get out because it would be stupid to sell at these levels when the company is worth at least 20 times more and we can't get further in because there are no available shares in decent volume. Catch 22, forced to wait!
No, NBI we're still here, but what is there to say that we have not already discussed, opined, dissected, hoped for, etc.?
Great analysis as always NBI. I guess the only one that can answer that question is the CFO. It would be a shame if profitability would be nullified by accounting standards alone.