4Q report:

more of the same...Port problems, product cannibalized larger than expected, PLUS: expenses attributed with being a public company (dah, that wasn't understood, PRE-merger?) and higher stock-based compensation costs, product mfg legacy contract write-offs (why wasn't that taken PRE-merger too?)

outlook: revenues flat, more old vs. new gen headsets margins conflicted, foreign currency is unfavorable (35% sales outside of US), HyperSound launch in 4Q is planned BUT only if everything is in place to do so

my take-away: more disappointments vs. expectations and very shaky
management executions. Now, plenty of retail product and channel mumbo-jumbo offered as reasons why and how-come. Until company is profitable, ALL stock-based compensation should be eliminated.
expect Hypersound launch to slip entirely out of year, for many reasons to be detailed in 3Q conference call or press release, prior to 4Q being completed. No mention of FX hedging to cover 35% overseas revenue exposure, but working price increase angles through the distribution channels....customers won't understand headset prices going up because the euro tanked. higher prices will impact retail sell-through negatively (then that will be an excuse offered in future conference calls). just not "feeling it" for this management team so far.

just my opinion
GLTA
A66

Travis no longer returns my calls
A66

Mtvice:
...uber investor owns 100 million DB...??
do they plan to file any sec form for 5% ownership?
thanks. A66

neb:
"...perhaps our ambassador's been contacted..."

Just two line items in The State Department's budget for 2014 had the DR receiving $16 million: Global Health Program $5.7 million and Development Assistance Program $10.3 million.

I would hope for that kind of money, an American Company would be able to receive at least a returned phone call, from our ambassador concerning a protracted contract dispute, with DR's heads of state or officials "in charge".

call me old fashioned but doesn't money still talk?...just sayin'
GLTA
A66

goggle it: state department foreign aid DR

neb:
...speculate the stock price could soon be a penny...

wondering what your definition of "soon" is? A penny is 50X the current price.

why the continued hyperbole? it's as trying, as the endless bashing.

and no, I can't sell and go away. the current "value" of this seven year dream, is the only thing reminding me about speculation.

GLTA
A66

neb:
are we reduced to quoting Pfc. Gomer Pyle?

any word from the Ambassador's Office?

GLTA
A66

4Q....

will it be more of the same? West Coast Port issues really impacted our logistics costs more than expected, causing abnormal margin metrics, uncharacteristic of our past performances...but the future looks bright

hope it's not more of the "merger hangover" story.

imho: small Parametric holders got handed one, in the merger.

GLTA
A66

Flyright:
thanks for your encouragement and bright painting of the picture.
all of those things sound wonderful. I follow the math, but the "dark before the dawn" has been more like a solar system's sun burning-out, causing everything to go dark (not just the dawn).

GLTA
A66

neb:40163
why do we need DR connections? why aren't we taking the contract breach to the American Ambassador, Mr. Brewster, letting him apply business/diplomatic pressure on DR officials, to expedite the remedy?

As an American citizen, WB (not shareholders) can seek that assistance.

A66

Mr. Greenhouse & Marxe bailed, before the 4Q detail?

A66

neb:
pretty fatigued with all this "wait and see" malarkey.

it's beyond a sad state-of-affair....just sayin'

A66

what did I miss? we're working? where?
the books are wonderful in the library...where are our lawyers getting us back in the water?!

A66

neb:
please elaborate ... are things taking place in dr, this week?
A66

didn't wilf pay for Capt Billy's surgery, when CB had to return to the states, a few years ago?

A66

a few more 10% down days and there won't be much left of that fruit tree...........

just sayin'
A66

Black Rock increases holdings from 5.7% to 9.8% of outstanding, per 12/31/14 filing.

a66

heard the radio ad on Bloomberg Market News this morning

A66

What??? !!!!
now someone bids $0.0005 for 10 million shares, after buying 2 million at $0.0005? WTHeck is going on?

And why aren't all the holders, having had their heads handed to them with this #@%^& stock selling at the bid, just to get out?

it's not adding up.

GLTA
A66

SilkRoad: no disrespect intended; just an observation.

TB..."...know what they're doing..." couldn't the same be said of the oil guys? their product has gone down 50% since June.

HEAR is down over 80% since May 2013.

they knew what they were doing with the merger and how that combo enriched the two management teams but I'm not seeing (yet) how the shareholders have benefited. other than share price how does one measure shareholder satisfaction?

GLTA
A66

with volume today and totals from the past two weeks, someone could have just accumulated 1% of the outstanding shares...for about $5-6,000.

is my math correct: 18 million over 1.8 billion?

WHY ???? going to vegas is one thing but this?

A66

Flyright #39444

10 million shares today !!! Dude, you're going "all in" on that cheap stock price theory? $3,000 is bigger than $300.

Nebula: what's going on?

anyone selling taking advantage of stock/loss tax breaks?

A66

Flyright:

no questioning your conviction of Capt Billy's recovery ability.
I hope your assessment of the stock being "dirt cheap" is correct.

do you have any news/info to persuade the rest of us? it appears
the DR gov't has decided stockholders can go pound dirt.
GLTA
A66

Porman:
idk...with 26 million on the bid, why aren't all the longs taking that "gift", instead of pushing they're sellout up to the 4's? especially, with year-end tax selling but willingness to go out at 3's isn't visible

are market-makers even "active" in this entity, any longer?

idk...$3-$4k in vegas would seem a better gamble and much more fun....it's just strange..............hello nebula:
A66

Yesterday another 5+ million...bought at higher price
two weeks ago 5+ million...bought at higher price

why would someone buy 10 million at a higher price, wasting good money? what's up....

A66

What??

Friday 1 1/2 million bought and today 3 1/2 million bought?

what gives.....
A66

Flyright:
are you thinking names like Bill Gates and General Electric?

or like some of the names being used globally in my household?
LOL

A66

Porman
any idea why anyone would spend (throw away good money) $450 today for 1 1/2 million shares? many reasons to sell, but Buy?

is there news coming?
A66

Mr Liggins/Thompson comments when asked about cost cuts:

"...I think we've always done a really good job of managing our cost and being draconian and when we needed to be draconian and we're going through that process as we speak..."

"...yes, it is uppermost and at the most..."

any sort of dollar amount you guys would be willing to share or help us understand the magnitude? "No, not at this point in time."

Just my opinion: with hundreds of millions in sales there are always costs that can be lowered/eliminated to generate a profit for the (share)owners of the business.

The self-assessment of "really good job" isn't reflected in "really good profit" but is evident in "really good pay".

A monthly car allowance for gosh darn, when the gentleman makes $12,500 a week.
A66

3Q wholly unacceptable! Do not understand how a business, with over $400 million in sales does not make a profit.


If I'm reading this document incorrectly, I apologize and please set me straight...
The 8K filed with Mr. Thompson's (new CFO)3 yr employment package is just wacked, in my opinion. $650,000 a year, plus signing bonus, $1200 a month car allowance??? He makes $12,500 a week: he can afford his own darn automobile. how is that approved/ok/industry standard when the company can't make a dime in profit!

what shareholders are being looked after, anyway?
A66

time for Mr. Marxe and Mr. Greenhouse to start ADDING to their position in a BIG way. they were large supporters of Parametric
well before the talks to find "another partner" to leverage the revolutionary sound technology that was Parametric Sound

Buy! Gentlemen.
A66

"HEAR" come the lawyers!!!!
now management will be more distracted, with chasers bringing shareholder lawsuits....down 40% this morning. 18-24 months from now we'll be hearing about the "costs to defend" were very high and just another reason, the future quarterly results stink.

the principals who benefited from the merger better start buying at the market, for their personal accounts to support this cruel joke of a company combination.

good grief...
A66

Poor 3Q !!!!
many reasons given...but management execution not very good.

maybe too distracted with self-interests, after "wind-fall" merger landed $$$ in their laps.

not much for the shareholders here (hear) to cheer
A66

post 297
must agree with your comments! unfortunately, these days and culture do not accommodate shame. an attitude of entitlement trumps performance. but always a smooth delivery during cnbc interviews

small investor takes another kick in the teeth.
A66

MasterTrader:
in the 20's next year? is that as the existing company or one reorganized, after BK?

they traded 30% of the O/S shares today, most in last 2 hours and much on down tics...don't the institutions already know something on volume and action like this?

interested in your thoughts...
A66

"Whiz Kids" ... please
with Q2 results like these and pps going to 7+ from 22, don't do us any more favors. Major "holders" putting off the lock-up period, for a few more quarters...hopefully to work "up" the stock price.

The merger was an insiders' dream (coup d'etat), and small guy having it handed to him, again.

A66

Post 38817:
Agree! I'd guess, after watching previous dive seasons, the UK investors made sure their $ was tied to valid contracts, with well detailed specifics about payouts, and payback timing.

And I'd venture they are ready & willing to do it again, once DR officials honor the contract, helping to prove they are law-abiding.

A66

nebula2012: post 38672
why do this hyperbole? $2 billion in 1 million coins has each being valued at $2000. are exaggerations really helpful, at this point, when awaiting (a very long time, too) definition on a division and contract/permit status?

thanks...A66

jrf30: post 38669
I lost your calculation somewhere...don't we have 1,800,000,000 shares outstanding? Using your first listed number of $0.022 cents per share...doesn't that get market cap of $39,600,00? you list $19.3 million?

what have I missed?

thanks...A66

lostatsea:post 38663
you raise, I believe very important points, about our company's registration status.

do you have any information, as to how long it takes, for a filing to become "visible" on UT or NV websites? so, if a filing, new or updated were requested, 30-60-90 days ago, how long before public dissemination is available?

experiences with TX on state updates are not real-time and information filed at the county level require even longer, before they appear on state/county internet sites.

without the company communicating to shareholders, registration status, how long before we know that "expiration" is no longer the condition?

Thanks...A66

nebula2012:
we've lost May and June diving in prime season...what are your
contacts in govt indicating will happen, with the division?? and
more importantly...When?!

DR may be "third-world" but legal contracts and "rule-of-law" still prevail there, don't they?

A66