Disclaimer: All of my posts/comments represent only my personal opinion and should not be interpreted as professional advice under any circumstances
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I Understand your points and have addressed them. Regardless of why volume has increased it has in fact increased. Thats a fact. You cant have it both ways but to take your point at face value and with your stipulations then how do you explain the volume BEFORE the 3a10? I would also remind you that the 3a10 is an exemption to pay down debt although many like to say its dumping. Why is that the fact that the company has reduced debt DRASTICALLY matters so little if at all to you? A company with little debt is a good thing and that is yet one more metric to consider.
Its is NOT illegal to have a target release date on a product and be late nor is it illegal for a company to say they are going to release something and then decide against it for what ever reason. This literally happens all the time. Can you imagine how many companies the SEC would have to go after if this was the issue you claim it to be? Even the SEC recognizes mistakes are made and things change. What makes it illegal is to intentionally mislead shareholders for the purposes of financial gain. The company affiliates have literally not sold one share and we know this because there has not been one single filing announcing which is required by regs.
The assets you deny have been in their filings for more than 4 years and they are easily proven because they were paid for with both equity and cash. We have also seen videos with their IP not the least of which is a surgery taking place with one of their implants (that could not have been easy to get approval for and I am sure it was expensive). This is not a debatable item. You disagreeing with their value is not a consideration to weigh this metric with. I would also say that your assertion that we have no proof of IP is a little alarming since we have evidence of it in videos, pictures, filings, patents, trademarks and in product being sold.
I am not aware of anyone claiming a multi-billion dollar merger is in the future nor can I be held accountable for any such claims. What I personally have suggested is that a merger was possible and more to the point likely if the company is executing on certain things intentionally. I also said that it made sense to me based on what I am seeing the company do with operations, in the markets and in their historicals.
As for red flags and false partnerships its a bit contrived and self serving to accuse me of ignoring your points while ignoring the NextCAst partnership, IP that is verifiable, revenues for the first time with month over increases, increased market liquidity, etc. All of which is verifiable and no not every company files patents on all their tech. Why? Because its expensive (company is under capitalized) and makes tech they might not want out, public. There are other reasons but you get my point. I hope.
On a side note, to call the company's hygieia tech a "side gig" sort of highlights your short-sightedness and bias. Not to insult you but I agree with the CEO when he said that hygieia is highly scalable in his letter. When I think of its applications my mind is blown. Hygieia could be a stand alone company all by itself with $100's millions in revenue. Who needs ANY of the other things when you have a product that can literally touch EVERY market? Its just crazy! Then consider the other tech they have developed. This company needs a few things; capital, better organization and more people to bring ALL the tech to market. I suspect they will have all that soon enough.
Look, I get why you want to focus on just one thing, your point on market liquidity that came at a price, but since when is anyone person or company the sum of ONE part/metric? Can you imagine if every person was judged on just one bad measure or the decision to invest in a company was made solely on just a few bad metrics? We would invest in no one or no company! Regardless of the how the the liquidity increased it remained up long after the 3a10 was done (12 months). Clearly it wasnt "JUST" the 3a10 although I do think it is what enhanced the existing liquidity. I am willing to take your points but you are unwilling to see past your anger at the company. That might cost you. Why are you so intent on ignoring ALL of the good signs only to focus on the bad things? You are intentionally limiting your view which can come at a price in the public markets. I know you know this so why not just concede that UATG is not ALL bad or complete fraud? Every investment comes with risk, more so in OTC but that doesnt mean they are all bad and e should stay away. Ok, on OTC maybe 90% but still....lol
I also not that you completely ignored my reference to leverage. Its a factor/indicator here and ignoring it is unwise. A merger is very realistic not just because many companies do it all the time but because THIS company has already done it. I dont think its a leap to suggest that they will do it again.
The company has many flaws but in my humble opinion it is absolutely undeniable that the company has improved and continues to improve. To me that spells opportunity. Maybe I am wrong and you are correct. if so then I will lose my investment. Thats the price of free markets and capitalism. Wouldnt be the first time for me and i suspect it wont be the last. Good luck to the both of us. I suspect we will need in on OTC.
THERE HE IS!!!! I was getting worried. I apologize for all the messages but was curious about some of UATG's history. I wont bother you with it anymore. I wish you a Merry Christmas Gordo! I hope everything is gong well. Maybe we can speak top of the year? I have some things I would like to run past you if you do not mind?
I bought quite a bit and have continued to do so although carefully so as not to effect share price. It is my belief we are where the company wants us and I have no intention of moving pps too much. I have also contacted the company about private placement purchase and they are suppose to get back to me and let me know if that is still available. I have a good feeling about this companys (as well as a few associates of mine) potential but that is tempered with my concerns about missed deadlines and inefficiencies. I offered to assist in identifying a team that could come in and potentially help them get better organized and more efficient. I have a conf call this week with them on that matter. They have been very receptive so I am cautiously encouraged. Hopefully I can help and in turn help my investment. I am a capitalist; Never said I was a philanthropist.
Unfortunately you are misinformed and I have no problem identifying your mistakes although I am not going to take the time to enumerate them all do to my schedule.
I will highlight NYSE microcap requirements only because going into every exchange requirement at every level will take too long (its my opinion that the company is preying on this fact and why it has been missed by so many here. DD takes time and most day traders are emotional and impatient).
NYSE Markets has 5 standard listings in order for a company to qualify:
Standard 1- $750k income, Mkt value $3MM, shareholder equity $4MM, min pps $3
Standard 2-$15MM mkt value, shareholder equity $4MM, Min price $3, 2 yr operating history
Standard 3-$50MM mkt cap, mkt value $15MM, shareholder equity $4MM, $2 pps
Standard 4a- $75MM mkt cap, $20MM mkt value, $3 pps
Standard 4b- $75MM assets and revenue, mkt value 20MM, $3pps
*assets would have to be seasoned for min. 2 years and shareholder equity would not include companys affiliates
UATG currently meets many requirements based on its financials and 24 month aggregate 30 day trading average but does not currently meet all of these requirements. That said however, it COULD meet ALL of them with one single merger that would affect a conversion that would instantly alter ALL metrics across the board within compliance of the above standards. It would require a pps differentiation that would convert current liquidity up which would be expected because nothing else would make sense for an M&A transaction. I would also note that the requirements for NASDAQ are different and would actually be slightly easier for UATG to meet. I picked the more stringent exchange for the above example.
As for your statement"there are no other trading metrics that have been improved", you are rather misinformed to say the least. There are many metrics to consider when trading/investing in a company in several parts such as time of year, day of week, the quarter etc but the top metrics, which are different than a companys market profile are (on a weekly activity):
H Price
L Price
Avg Price
Med Price
Number of
$ V
Avg daily
Med Daily V
VWAP
52 wk H
52 wk L
Shares Out
These 12 metric points will tell you a lot about a company as a security not least of which is market liquidity. Then you must take into consideration trading trends, cash position, revenues, debt etc.
If we look at just the 12 I mentioned here (they are very important when trading) and compare it to the same metrics for the past 5 years, quarter by quarter, you will notice something if you remove the share price. You are correct that market liquidity has increased (past 2 years) drastically but while the highs and lows have consistently come down and shares out went up the VWAP inverted and spread tightened while maintaining increased V. Ask yourself why that is? How is it possible for a company (especially a pink) to maintain that level of activity, even downward activity, while tightening its spread, AND doing so while increasing market supply? Someone was buying at strategic times (I had my guys pull trading history and the pattern while subtle was undeniable).
I would also point out that if you look at the companies performance over the past 3 years you will notice some significant improvements in areas that get lost in the short sighted and rather incomplete approach of overlays and one check simple indicators. For example, UATG has seen improvements (some in the 1,000's percentile) in:
Monthly V
Avg Daily V
AVG $ V Monthly
AVG $ V Weekly
Total $ Traded(month)
Total Trades
* This includes month over as well as quarterly for the past 3 years. December is even trending higher this year than previous years which I personally would throw out regardless of the company.
Then compare that data with the increase to a specific A/S and holding. Why stop at 1B? Why not go to 2 or 3B if its just about pulling money out of the market? Obviously the market and thus the pps is exactly where it was intended to be. Why?
Add to that the fact the company intentionally (they even admitted it) went through a self imposed "quiet" period while the pps trended downward, WHY?
How does a company with $35M in assets, increased revenues month over (50% average) since launching their product, with a pipeline of products on the cusp of being released, that has been able to expand market liquidity, go from pink to NYSE? The answer is pretty obvious when one takes all of the above (and many more factors)into consideration WITHOUT emotion - LEVERAGE! This is about banking and its smart. You keep missing why market liquidity was so important to this company and why they almost exclusively focused on it! Dont feel bad, it took me a while to get it and I had help. With the proper amount of leverage this company is FULLY funded and thats exactly why a merger is so important and likely.
As for your comment of grey sheet market, I can only say that I think you might not be fully informed of what the grey sheets are because UATG does not come close to falling in that category.
To buy the O/S would cost you almost $694k, If its peanuts then buy it!
Now THATS funny!
That is true if the uplist was linear but a merger would not need organic growth. Its basically one transaction and the companys pps changes. This is done literally all the time. What makes UATG unique is them using it as a tool to create a market correction of their security and to uplist to a senior exchange. This is done in the market but not often because its complicated. If you look at what the company has done you will notice that what many call dilution and quiet period could actually be used to change/improve many metrics which it has but many have overlooked due to their emotions of the pps. I would also point out that it was done in a VERY short time-span which is actually brilliant if this was intentionally done for the purposes of a corporate conversion. He got everyone to focus on arguing about pps while he prepped for a merger. This kept the spread tight and predictable which is perfect for an M&A transaction.
THATS IF THEY ACTUALLY UPLIST AND THIS WAS PART OF AN INTENTIONAL PLAN!!!!
If not then the company screwed up big time and has a tough road ahead. Only time will tell if hes brilliant or n idiot. Lets hope hes not the latter
This of course does not explain incessant delays and missed deadlines because I can see no advantage in doing so other than to hurt the pps which at these numbers would not be necessary. IMO
I learned that during my DD. Thats how this company came into existing. They did a reverse merger into an existing pink sheet company and it was so much of a mistake they had to switch into yet another public company. Problem is they went into the wring company AGAIN. Thats why the CEO fired everyone (among other reasons apparently). Its actually very simple, the CEO trusted the wrong people. He also successfully ran private companies before which is VERY different than public companies which is why the company struggled through everything. Its also why hes currently successful operationally and the company is making money but struggling in the securities market. I suspect he knows this and is in the process of dealing with these issues.
Impossible to guess. Too many variables to consider. I Would need to know cap structure of both companies, What are the terms of the agreement or agreements, pps on both companies at time of agreement, amount of shareholders, float on both, etc.
Typically there would be a premium paid on the acquired company but thats not guaranteed. Shareholders would be paid no less than current market value but again thats not typical unless its a fire sale from a major collapse (think Lehman Bros 2008). If I had to guess UATG shareholders would be paid a premium on their shares if it was bought (most likely scenario) but that might not be the case if UATG bought the merging company (although that would require capital or capital financing) If UATG bought a company then the uplist would depend on a share exchange or restructuring and there are far too many variables to get into that here. The easiest path would be a straight-up acquisition/merger of UATG by a senior exchange company. That will require announcements and filings that have not been done yet that I can tell. I did find a new company formed in Florida but that doesnt tell me much. It might be a decoy if they know people are looking. I have seen several companies do that and as I have said this company is more savvy than they lead on to be so I wouldnt put it past them. IMO
If they follow market standards and are in fact uplisting via a merger then we will here something in Q1. Maybe January if they have everything teed up but again I have not been able to find any filings or announcements yet. There could be filings in a different company name but that would be an extreme scenario usually done by major players that have significant market influence. Think Apple or Google. UATG is NOT in that category no matter how many references to them are made. Not in that capacity at least
This has already been covered. There is no "holiday" packaging. They decided against it. Packaging is the new packaging for the new HP socks, boxers and pillow. They standardized the packaging to maintain "branding continuity" is how he put it.
They seem pretty focused right now. IMO
I dont see an uplist happening soon and it definitely wouldn't happen in the month of December unless it was a merger that they didnt want anyone to really see because it was a bad deal, a monopoly or something that would upset shareholders. The only mergers that are announced in December are bad ones!
As for uplist through organic pps growth... NOT HAPPENING in ANYTIME in the next year or two! Period! The only way up is through an M&A transaction. Literally the only way! They have shown their hand and I believe Gordo56 and a few others were right all along. There is no other way at this point. If they are merging or being bought out it will be announced in early Q1 to build momentum going into the transaction and to set the tone for whatever revenues are to be generated from it. It sure would be nice to know what other companies are involved.
I could be wrong but I think the writing is on the wall no matter how subtle up until now. JMO
Happens all the time. We just dont see it because they are private start-ups that are bought out by larger companies. Look at how many companies that Apple, Google, Ford and many others have bought up in the past 5 years. Its at historical highs and Its a recent trend thats picked up pace. The truth is we do not know what the company has in there sensitive programs and probably might never know which is why I prefer to focus on what I actually know. I see opportunity with this company that I dont typically see in the pinks. One of the most difficult things to do is to go through the pinks which are the "feeder" or incubator companies in the pinks and pick the handful that have a realistic shot at getting to the NY. I have an associate that is obsessed with this, has been very successful at it and I am giving it a shot. He loves this company and has apparently spoken with many at the company and a few associated with the company that have actually done business with the company. He loves the CEO and thinks the man is a genius. I have spoken with the CEO and will agree that he seems educated and intelligent but I am not prepared to hail the man as a genius. Thats a bridge too far for me but I do think he is a young CEO that still has somethings to learn about running a public company. Hes obviously learned a lot, most of which has been the hard way which is ok but as I said is painful. I am sure for him but us as well while we wait to make a return. I do feel that the company has restructured and executed on some high level strategies for reason and that makes me believe they are more savvy than might have originally been thought to be. JMO
fair point about the trips
I agree that the companys image does present larger than what it actually is but some of those projects you mentioned are probably not the type of projects that a company is going to go in depth on no matter how much we would like to hear about it. I do agree with the medical projects but not the AI, Swarm or drone projects. These are probably sensitive projects. I do think they over promised in the past year.
I am most certainly NOT pumping nor do I have any interest in pink sheet rumors and accusations. The company has fallen short. Thats a fact but its a BIG leap to accuse them of criminal activity. Your gripe, while warranted is exacerbated by your emotions which seems to be common here IMO. Money does not care who holds it and investments should be made mostly analytically not with emotion. Not trying to insult you or anyone else
I have said I agree with you mostly but you lose me when you start down the road of laws being broken, pump and dump, etc. 6 years ago was 6 years ago. Management has changed since then and the company has since made significant improvements in turning the company around. YES, they are taking too long. YES, not enough has been done. The company essentially restarted less than 3 years ago! Have you ever invested in start-ups before? Its mind bogglingly painful and takes time because we as investors have to sit and watch as they, the company, learn from their mistakes. PAINFUL! I always try to remind myself and the guys I manage, that as much as I have learned or might think I know about starting and running a company or even a public company which is far more complicated and painful, I have learned enough to know that I have not done it and there are probably things I do not know and nuances that I do not fully appreciate. My point is that I know enough to know that it is not easy and that MANY fail for many reasons. This company has been able to beat the averages and last beyond the 3-5 year mark which is when most collapse and fail. This company only seems to be getting stronger not weaker. You are only looking at the pps which is only a tiny picture of a company health.
You are entitled to your opinion but I should be as well. I respectfully disagree with your conclusions that this company is a failure or worse. I stand by my investment in this company because I think they are in the middle of a process that I have seen many times with young companies and even some companies that were restructuring. I am betting that they will eventually get it together and they will do it sooner rather than later. I am giving the company another year because despite the optimism of the company I believe they are still learning and need more time on the vine.I hope the company is correct and will have it all together by January but I unfortunately do not see that happening.
I agree. The real issues with this company are being missed because of false narratives on this company. The real issue is a company that is under capitalized, misses target dates (probably because they are under capitalized) and a CEO that has failed to turn things around sufficiently.
I do not agree there is a lot of fluff news nor do I agree that the company is "pumping" anything. I honestly dont see what laws they have broken at all. They only thing they have done is let shareholders down which is more significant than anything else in my opinion. Hopefully they can address this very quickly and turn this around so shareholders can rally around the company they invested in.
Whats halted?
Someone moved around 8M shares above the 30 day average and did so making sure they sold down more than they walked it up. also saw a cross trade that looks scheduled. End of day returned to open pps. Intentional to say the least. Someone is taking advantage of the time of year and less eyes on the markets. There are guys that do this at the end of the year even on the New York.
Company is definitely being shorted but I dont think thats an issue. All companies see shorts from time to time. The unusually high volume today considering the time of year is interesting and in part is supported by short interests but not enough to account for the increase. We need to see if the trend continues. Not enough data to conclude anything from. As for company dumping, there is nothing that supports that assumption. Even if the company dumped, they only have another $5k worth of stock in treasury before they max the A/S! What the heck difference does that make? I could care less about new issuance's right now because they already said they arent increasing the A/S. Demand still exists, the spread is stable and consistent and supply is running out.
My point, and I hope you take it the right way because I am in now trying to silence you nor insult you, is that to imply or state that nothing has changed is not entirely accurate. Products have been delivered to market and revenues have increased by 300% or so from January? I think thats progress although I do understand you want more. I would just say that I have watched MANY companies enter manufacturing and its not as simple as many think. There is the process which you may think is logical and straight forward (its not) and then there are the intangibles which can make or break a company. If I had to guess, UAT is in the process of learning that painful lesson but it appears that they are getting through it. Again, I do not dispute that its taking a long time but as long as they are on the correct path and making progress it should be considered that maybe a regime change would not bring you what you are looking for and in fact might put the nail in the coffin. At least with things going the way they are now you have a chance to make your money back and then some. Maybe? JMO. I am not looking to offend you
I completely agree and to that point, if anyone here wants to be taken seriously or heard by the company we need to be fair and thorough. Complete DD with genuine questions is the key. That said, I seriously doubt any CEO reads these boards.
Thank you for the document. I had not seen that before but I did notice it was 4 years old. That said VERY interesting stuff. I did not realize that they were that ambitious and am glad to see that they narrowed their focus.
Where did you get this document?
I agree. The simple solution is leave. If the CEO is terrible or you dont like him then it is far easier and less stressful to simply go elsewhere to a company that you feel would appreciate you as a shareholder. I wasnt trying to insult anyone at all. To me it just seems like a waste of time and stress to try and change everything you dont like. Imagine how busy you would be with everyone elses business instead of your own interests if you took that approach to life. Why should business be any different? I just think you should choose your battles, preferably the ones you have at least a chance of winning. The CEO has made mistakes but so do many CEO's and many people including everyone here. Thats not a reason to oust him from a company that he VERY CLEARLY is in the process of turning around. The problem with calling for Umbra's ousting is that it shows how biased a shareholder is being. The company is making money and increasing revenues every quarter for the first time in 6 years I believe. Just because the price is down doesnt mean the company is not ding better and if you want him out because you blame him for share price and missed deadlines the by that logic you have to then give him credit for delivering a viable product to market and delivering first time revenues as well as quarterly increases to revenues. You still think the guy should be removed then? If you do, then its ALL about share price and you should focus on more volatile stocks that you can make money on the spreads daily. UATG share price and spread are way too tight for making money on daily trades. This is a strategic stock that is more about growth potential than immediate profit. CEO has turned things around and seems to be determined to see it through which should be seen as a good thing. JMO
I wasnt looking to offend or accusing anyone of anything. I simply questioned her definition of "communication" as it pertains to the company communicating to shareholders and the general public. The claim that they dont communicate or dont know "how" to communicate is to use your word "disingenuous" as well as being inaccurate. Its also subjective to her definition which is why I questioned it for clarification. A CEO can NOT just give one or two shareholders insight to a merger or a major filing because it would be a violation of SEC regulations. Thats a fact and not something anyone can deny. I would also add that the company never "promised" anything but announced their intentions to pursue various actions. Thats how ALL pubic companies talk because of the liabilities associated with making direct and matter of fact statements. What if something goes wrong and a company needs to pursue a different course? What do they do then? It wont matter what the reasons are if you make an absolute definitive statement then; you will be raked over the coals no matter how innocent the mistake or claim. Something Musk learned the hard way recently.
Request for inside information are irrelevant? Obviously I disagree completely. That said I do agree with the PR's being inconsistent (which is a significant problem) but that is not what was being said or emphasized.
I agree. Its easier and more realistic to find alternative investments than trying to change an entire company. There are many companies out there whos business strategies and execution do not align with my principles or beliefs. I simply choose not to invest in them. Then there are those investments like Tesla, that even though I question the CEO's management style, I take a chance on it just because of what he was able to do when the chips were down. Musk almost lost his company over the model 3 and Umbra almost lost his company over internal issues as well but in the end they seem to have what it takes to stick it out, not quit and turn it around. Thats worth a gamble in my book. Plus I dont think either of these guys like failing. You can not put a price on that type of personality. They will surprise you every time. Jack Dorsey comes to mind and a lesson Twitter learned the hard way. David Neeleman,Peter Bijur, James Burke, etc. It takes back bone to weather storms and stay focused. Lets see what Umbra is made of.
If the CEO was to disclose to one shareholder, before the info was public, that the company was doing a merger or about to file an S-1 he would be crucified by the SEC and every other shareholder. Thats illegal and against Regs. I am surprised that Gordo even asked and actually expected that the CEO would answer.
No offense but the company does communicate to us but I think your definition of "communication" is unrealistic. What you want he legally cant do. I respectfully disagree with your call for a new CEO. I would like to see what he can do once he gains momentum with the new products and what ever else he has in the works. Possibly merger according to Gordo
Yes, actually and even discussed it with the CEO. They dont have silver, they are too thick in my opinion but the quality of the product is excellent. Also seems like a solid brand and company
GE is doing ok. I think they will be fine. Now GM might be a different story! ll
Well said. Removing the CEO at this critical time right after they have successfully launched a first year product, created revenue for the first time and in the middle of launching a new product line would cause chaos in a company with an already schizophrenic stock. Too much going on to risk throwing it all off again. The safe thing to do is to wait another quarter or two. I am interested in their mid-year next year. That will tell us a lot.
Good to have you back. Please message me if you discussed anything above and beyond what you shared. I would be interested to hear your thoughts on the company's current status and potential future direction
Millions? I think thats a stretch. They dont earn a fraction of that now how could one month of lost opportunity in potential sales exceed more than several times their entire years revenue? Besides, they have already told us what happened and in fact they actually do communicate quite a bit especially for a non-reporting pink! We know a lot of what they are working on as it relates to products, we know their P&L, we know why they are behind, we can touch/feel and buy their products and we have full access to company C level personnel when we call. Not sure what more we need other than a better share price but at least they are communicating and making money. I am good with that with a pink.
I disagree. I have called the company a few times and sent emails. Every attempt I have made to communicate with the company and the CEO has been responded to. CEO even took my call and returned one of my messages. As for their reporting on revenues, its obvious that they intentionally are down playing the revenues for some reason. Nt sure why yet
I agree that if they miss Christmas its ridiculous.
Great company! I bought at the beginning of last year (around $27) and reduced my cost basis (around $24) like 4 months later! Love that company. Im optimistic about the next 6 months with them. Looking for another 15-20% in share price. Fingers crossed!
I doubt very seriously they are going to make Christmas. If you are going to deliver holiday merchandise you need to be ready to ship by end of September which they obviously were not! The one thing that has been consistent is that they are ALWAYS late which REALLY NEEDS TO BE CORRECTED!!!!!
They are typically 3 months on average late so I would not expect anything from them until February? The one good thing about this is that they DO deliver eventually so at least we have that going for us. lol
Quick DD shows that this time of year volume typically goes down which is not unusual. This happens across the entire market. This is a random selection from this time of year for the past 5 years:
UATG
Nov, 24 2014 3,700 shares traded
Nov, 23 2015 10,800 shares traded
Nov, 21 2016 320,800 shares traded
Nov, 20 2017 7.2M shares traded
Nov, 12 2018 11.6M shares traded
While not terribly scientific its a quick random sampling of this time of year without doing a full report. UATG, as do many companies, sees a decrease in daily traded volume but over the course of the past 5 years has seen an increase to its daily average during the same time period.
I do understand your point about dilution however that statement is not entirely accurate. Authorized has been increased as well as the Outstanding however it was done in tandem with debt reduction which is favorable. To simply state that the company diluted shareholders implies that the company "profited" in some way from shareholders without any benefit to shareholders. Reducing debt IS a benefit to us and the company did not "profit" or generate a capital gain as a result of any changes to the cap structure. I understand that you dislike the company but to make such statements is not really genuine and if the company is to be accused of "pumping" by simply reporting the facts then would it not be fair to say that you are doing the exact opposite by stating the opposite of what the company is in reality doing? Just want to keep things fair and accurate and maybe get you to consider that perhaps your conclusions are somewhat biased.
I think it is fair to criticize the company on their mistakes (continuous delays, poorly managing shareholder/customer expectations,pps, etc) but I think its VERY important to deal in facts and reality instead of speculation and hatred. Just my opinion. I do not mean to offend anyone.
What does the pps have to do with the company shipping product out and whether they have done it before? lol. Come on, cheer up
I have my moments. Now headed to a meeting. If you dont hear from me later it because I died during yet another meeting. I am not emotionally prepared to be back at work. How many days until Christmas Vacation?
Not to burst your bubble but after reading your post I went to FB and saw a post they posted today. lol
uhhhh back at work after a long weekend,Tragic! Hope everyone had a good holiday.
Well said! I agree completely! I have never favored buybacks when a company is expanding or building. Its very counter-intuitive. Capital should be invested in infrastructure that will support expansion. Amazon was in the red for years while they spent on infrastructure. Look at how many people complained about Bezos and how many companies tried to do the same but didnt have the stomach to tolerate the losses and complaints by shareholders. Now everyone is trying to catch up and failing miserably. Even Walmart! You spend on building a future and you will actually ensure a future.
I think this CEO has made mistakes but he clearly has learned and I am betting that hes a lot smarter than everyone thinks. Lets hope he can use those brains and experience to deliver a brilliant company to the public markets.