Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why is a convicted felon still Chairman of SRMX?
Ricavision: Max Li strikes again.
But of course, Ricavision was 10 years ago so it has nothing to do with SRMX, right?
A good one from June 3
sngrbff
Sunday, 06/03/18 03:05:34 AM
Re: decomad post# 53250
Facts, like Max Li's former company, RicaVision, which disappeared from the face of the earth after Li had been there 10 years, can't be chalked up as me being negative.
It's also a fact that you don't like to admit or have it brought up so therefore it makes me negative, right?
Wrong. The facts are negative.
No twist of words. It's a fact, it's not positive for Li, and you and others want to ignore it and say it doesn't matter for SRMX.
That's your prerogative, and my prerogative is that I can say I think it does matter to SRMX.
You say "It's all coming to fruition", and I say, how do you know that? Because a few call center reps have said so?
Until SRMX says so, and can actually back it up, nothing is coming to fruition.
How many times in March and April, did you and others say this would be between .05 - .10 by June??? I seriously doubt that will happen in the next 27 calendar days.
And if that makes me negative with you, I'm fine with it.
Too bad the facts predicted this would happen.
Too bad there were so many bogus chats posted that convinced many otherwise.
Kind of funny? Kind of funny?
Admit it, damn funny!
Well, I guess "kind of" will be good enough for now.
Sorry it took a loss to get us here, but thanks for the comment.
Brochures for our 3 lead products????
What are they going to do, stand outside the local mall and hand them out to shoppers??
So World Domination starts with brochures. That explains why no other company has achieved World Domination and SMRX will be the first.
Maybe they can sell the brochures since they have no actual products to drive sales.
PPS will be .25 after brochures hit the market
This reply from Pea is pathetic.
Addressing all of these issues in future filings??????????
They don't file when they are supposed to so the word FUTURE could mean next year.
They can address the issues without being included in a filing. This can be done immediately but they don't want to.
Correct that price declined due to the letter from 6-29. Because nothing was good about it.
Dumbfounded by the reaction to a very positive status report???????
Seems like an appropriate response from a convicted securities fraud felon.
We are excited about the future. There's that FUTURE word again.
They don't want to address the current and past issues so they just keep throwing out the future.
What a joke.
Wow, we agree on something!!
max.li@tricascadeinc.com peabodylaw@aol.com EMAIL THEM!
It's easy to talk about them on this board but it accomplishes nothing. They are not looking at Ihub.
Everyone should send an email expressing how they feel and demanding communication to shareholders, not a sales pitch for new products like he gave on 6-29, regarding past items that have not been addressed (ticker change, Smart Home Pilot Program that should have started by now, SkiQ debacle, current and expected dilution, why Li only attaches himself to TriCascade and does not represent SRMX or SkyFidelity, what having a Chairman who was convicted of felony securities fraud and is still Chairman means, etc, etc, etc.)
And now OTC has put up the STOP sign which is just one more bit of horrible news.
We don't need them to talk about World Domination.
If you send an email, at least you know he, or someone at SRMX received it. Plus, there will be a paper trail from many for possible future class action legal action if it gets to that.
But, so many said it can't go lower
Extremely well said. Agree 100%
Business Development Manager. Remember, this guy says he has emails and phone conversations with the BDM that he can't talk about because he was asked to honor NDA's??
He knows all the secrets of SRMX but he can't talk about it.
Makes perfect sense to me.
Why no Smart Home Pilot Program in Tampa?
Confirmation ATT received SkiQ!!
Jimmy V
Thursday, 05/31/18 07:28:12 PM
Re: tmaler post# 53071
Post #53078 of 55917
"Now THIS is a Confirmation. I think I recall May being the Month so everything is lining up regardless of what anyone wants to say. It will be available for customers soon and will be a very big piece of news. Of course BFF will have you believe the service rep made that up somehow. LOL Great job and thanks for sharing. To me this is the best news short of purchasing one."
AND THE RESPONSE WAS TO POST 53071, WHICH IS (DRUMROLL PLEASE):
tmaler
Thursday, 05/31/18 05:25:00 PM
Re: None
Post #53071 of 55917
"WOW... Read this chat from AT&T. Sounds like they have already received a shipment of SKiQs on May 10th..."
https://twitter.com/tmalerux/status/1002299167438524418
____________
So, let's see, "Of course BFF will have you believe the service rep made that up somehow."
Apparently BFF was right all along and more people should have believed the rep made that up somehow. KABOOM.
GM all. Fill the gap, RSI 28.31, oversold
Then why keep saying dilution is over????
On 6-29, Max said dilution not over!
I posted a paragraph by paragraph breakdown of the update on 6-29.
Max told us dilution will continue, not just with NB. He said they have had to resort to OUTSIDE FINANCE COMPANIES. Plural.
He also said we anticipate incurring additional expenses relating to the manufacturing and development of Voice Command, Edge Computing and NB-Iot technologies. HOW WILL THESE EXPENSES BE PAID SINCE THERE IS NO MONEY TO PAY? MILLIONS OR BILLIONS OF ADDITIONAL SHARES.
"The bad news for technology companies like ours is that the cost of developing and manufacturing the hardware and software technologies to achieve industry leader status and world domination is expensive. Technology ain’t cheap. Over the past two years, TriCascade has incurred well over one million dollars in manufacturing and development costs to obtain technology patents and to bring to market the SkiQ; ThermoRing; Smart Light Switch and Smart Outlet. In addition to these costs, we anticipate incurring additional expenses relating to the manufacturing and development of Voice Command, Edge Computing and NB-Iot technologies."
"Unfortunately, when our Company shares are purchased in the market, our Company does not receive that money from the shares of stock purchased. Therefore, our Company has had to resort to funding these manufacturing and development expenses internally or with the help of outside finance companies. Based upon this type of financing, new shares of SRMX have had to be allocated to the market."
As I posted on 6-30:
The update broken down by paragraph
Update is a complete joke...on shareholders
Talk about kicking the can down the road.
It's really more of a sales pitch for the future then it is an update about what has taken place up to now. I don't think Li cares about the shareholders based on this update.
There is no, "I understand how frustrating it has been for our shareholders and I do not take the trust you have placed in SRMX with your investment lightly. All of us at SRMX are working very hard everyday to bring our revolutionary products to market and to provide our shareholders with value for their investment. I will be as transparent as possible, within the frame of NDA's in place with other companies and I thank you for your support."
Instead, we are given a sales pitch and no real facts or information to explain what has happened in the past months since Li took over, and nothing tangible about what will happen in the coming months.
Let's review the update:
"As you know, our Company (TriCascade, Inc/SkyFidelity, Inc/SRMX) has been very busy developing ground-breaking technologies in two separate and distinct industries: the 5G LTE marketplace (SkiQ) as well as the Smart Home marketplace (ThermoRing; Smart Light Switch; Smart Outlet). Soon we will be revealing our development of various “Smart City” applications and devices that will truly turn heads in the industry and around the world."
Ummm, we don't know what they've been busy doing.
SOON, how soon?
Truly turn heads sounds great, not informative.
"We have previously disclosed and discussed key technology that our Company is developing in the 5G LTE and Smart House categories: the SkiQ; the ThermoRing; the Smart Light Switch and the Smart Outlet. The important subcategories of development within these two industries include the development of voice command software, Edge Computing (for Big Data management); and NB (Narrow Band)- IoT"
So, mostly a repeat of the prior paragraph and nothing new here.
"The great news for our Company is that we are quickly becoming industry leaders in all of these categories. The 5G LTE Router business is wide open with innovation centered around 5G LTE Routers which will provide homes and businesses with the benefit of 500 + Mbps internet speeds. In parallel to the rapid development of 5G technologies, we have developed the SkiQ to take advantage of the tremendous opportunities to deliver what we consider to be the first 5G Router for the home and or business."
Industry leaders in ALL of these categories? How can one lead an industry that apparent doesn't exist yet? More of a sales pitch.
SkiQ is WHAT WE CONSIDER TO BE THE FIRST 5G ROUTER. WE CONSIDER? So, maybe another developer of a 5G router thinks they are the first? We consider does not mean we are.
"The difficulty with being an innovator in the 5G world is that the telecom industry is not quite ready to deliver on their end of the bargain—5G is not ready and therefore the communication technology—the SIM cards—necessary to deliver fast broadband is also not ready. In addition, none of the Telecoms in this country have figured out how to deliver a 5G “unlimited” data plan—without this plan 5G Routers cannot fully deliver on the Home Broadband promise. Therefore, the introduction of SkiQ to the marketplace has been delayed due to the inability of the telecoms to provide us with the SIM technology we need to operate the SkiQ. When the telecoms are ready to deliver their SIM technologies to us, we will be ready to unleash SkiQ to the world!"
Oh boy. Difficulty with being an innovator? The telecom industry not ready to deliver on their end of the bargain? So this means SRMX is further along in it's development and innovation then the likes of ATT, etc? SRMX is casting blame on the major telecom companies of the world for holding up the SkiQ from being utilized? C'mon man. We're ready but it's all their fault. Who believes that? And when SRMX announced in February that 5,000 units would be delivered in June, did they not know the telecoms wouldn't be ready?
"With respect to the Smart House, our Company has developed the first of its kind Smart Thermostat that incorporates NB-Iot “SIM” communication. What is so cool about this you may ask? NB-Iot communication does not require WiFi in the house to provide basic communications between the Cloud and Smart House devices. NB-IoT replaces WiFi for purposes of all Smart House Communication. Why is this important? If you don’t have WiFi in your home-or if your WiFi has a high failure rate—your Smart House can still be Smart."
Another sales pitch for a product that can't be sold yet. Doesn't say when this will become a reality.
"TriCascade’s Voice Command System built into our Smart Light Switch and Smart Outlet is also a technological innovation that sets the stage for our domination in that industry. Why buy a “voice command” speaker (Alexa, etc) when you can talk to Smart House devices already built into the walls of your home?"
Another sales pitch and pie in the sky talk of replacing Alexa. Nothing here that helps shareholders understand what has happened up to now.
"Finally, in the NB-IoT space, our Company is currently working with Tier 1 telecommunications companies to develop the first Smart City NB-IoT solutions. These far reaching applications will provide cities with the ability to control water, electricity, lighting, air quality, soil quality as well as various other environmental issues."
Another fluff sales pitch with no tangible information.
"Throughout the course of the development of all of our new technologies we have engaged with several major Tier 1 technology companies to perform beta testing of our devices with their technology. Unfortunately, due to those frustrating NDAs we have to sign, we are not allowed to disclose additional information about these new relationships currently in the development stage. We are currently negotiating with these companies to jointly disclose our business relationships and agreement. For various reasons, some of these disclosure relationships will not occur until the CES show in January 2019. Others will be disclosed in the coming months."
Waste of words. Frustrating NDA's we have to sign, really? Is that how a professional organization refers to standard documents? Why not simply say there are NDA's in place and as soon as we are able to disclose information we promise we will. We anticipate this will happen late in 2018 or early 2019? Seems condescending for them to say it how they did.
"The bad news for technology companies like ours is that the cost of developing and manufacturing the hardware and software technologies to achieve industry leader status and world domination is expensive. Technology ain’t cheap. Over the past two years, TriCascade has incurred well over one million dollars in manufacturing and development costs to obtain technology patents and to bring to market the SkiQ; ThermoRing; Smart Light Switch and Smart Outlet. In addition to these costs, we anticipate incurring additional expenses relating to the manufacturing and development of Voice Command, Edge Computing and NB-Iot technologies."
Bad news for tech companies LIKE OURS. So, trying to say we are in the same boat as others to make it seem like this is the norm.
World Domination? Are you serious. This is so over the top it is ridiculous. Newsflash, no company has achieved world domination.
Technology ain't cheap. Did they just figure this out? Tricascade has spent over a million on products including SkiQ. I thought SkiQ was under the SkyFidelity? We anticipate additional expenses. Why not just say, we will incur hundreds of thousands of dollars in additional expenses? We anticipate, so maybe we won't? C'mon.
"Unfortunately, when our Company shares are purchased in the market, our Company does not receive that money from the shares of stock purchased. Therefore, our Company has had to resort to funding these manufacturing and development expenses internally or with the help of outside finance companies. Based upon this type of financing, new shares of SRMX have had to be allocated to the market."
Wait, the company doesn't receive the money from share purchases?? OMG, the only company this happens to. Is this supposed to make us feel bad for them? Therefore, as if they have no other option, had to resort to funding internally or with outside COMPANIES (plural). Internally, how? Would be nice to tell us how they are able to fund internally but I don't believe that is true. Outside companies, which means NB is not the only one who has/will dilute the crap out of this. New shares allocated, but they don't say how many so far.
They give specifics in the sales pitch of devices above but no specifics related to how it is impacting shareholders.
"What is the upside to all of this? Our opinion is that our Company will be one of the most important and innovative companies in the world delivering advanced and unique technology solutions to the 5G, Smart House and Smart City worlds. We anticipate that the sales of certain Company technologies will not become fully deployed until the 4Q of 2018 or the 1Q of 2019. In the meantime, we are working every day with our domestic and international technology relationships to create unique opportunities for our Company to sell products across the globe."
So, the only upside to all of this is their opinion that the company will be blah, blah, blah, in the world, blah, blah, blah.
That's the upside for shareholders?
It's a slap in the face to give us this sales sheet and not address all of the elephants in the room.
Basically we were told shares will be diluted into oblivion and nothing will be happening for us until 6-9 months from now, and we should just be happy and believe in world domination.
Who is okay with this, seriously?
What was the first clue to believing SkiQ would be delayed?
Maybe the fact that SRMX said so on 6-29? Wow, amazing research to come up with that belief.
SRMX waited until the end of the month SkiQ was supposed to be available to announce it would be delayed until 2019. Who thinks they figured that out on June 29?
They obviously knew months ago but allowed the hype to build leading up to when it should have been on the market. That's showing respect to the shareholders, right?
This is a great read. Grab the popcorn:
Jimmy V
Thursday, 05/31/18 07:28:12 PM
Re: tmaler post# 53071
Post #53078 of 55917
"Now THIS is a Confirmation. I think I recall May being the Month so everything is lining up regardless of what anyone wants to say. It will be available for customers soon and will be a very big piece of news. Of course BFF will have you believe the service rep made that up somehow. LOL Great job and thanks for sharing. To me this is the best news short of purchasing one."
AND THE RESPONSE WAS TO POST 53071, WHICH IS (DRUMROLL PLEASE):
tmaler
Thursday, 05/31/18 05:25:00 PM
Re: None
Post #53071 of 55917
"WOW... Read this chat from AT&T. Sounds like they have already received a shipment of SKiQs on May 10th..."
https://twitter.com/tmalerux/status/1002299167438524418
____________
So, let's see, "Of course BFF will have you believe the service rep made that up somehow."
Apparently BFF was right all along and more people should have believed the rep made that up somehow. KABOOM.
I bet Li and Pea are using it on their meat
And that the secret sauce tastes good
Isn't it ironic? On 5-31, you believed this
Jimmy V
Thursday, 05/31/18 07:28:12 PM
Re: tmaler post# 53071
Post #53078 of 55917
"Now THIS is a Confirmation. I think I recall May being the Month so everything is lining up regardless of what anyone wants to say. It will be available for customers soon and will be a very big piece of news. Of course BFF will have you believe the service rep made that up somehow. LOL Great job and thanks for sharing. To me this is the best news short of purchasing one."
AND THE RESPONSE WAS TO POST 53071, WHICH IS (DRUMROLL PLEASE):
tmaler
Thursday, 05/31/18 05:25:00 PM
Re: None
Post #53071 of 55917
"WOW... Read this chat from AT&T. Sounds like they have already received a shipment of SKiQs on May 10th..."
https://twitter.com/tmalerux/status/1002299167438524418
____
So, let's see, "Of course BFF will have you believe the service rep made that up somehow."
Case closed.
Thanks pacman. Facts matter....to some.
All of the people keeping track of the facts are not helping anyone?
Not many actually report the facts on here.
But you are admitting the facts are bad, SRMX has failed to this point, but don't talk about the facts because new investors will be scared away?
Isn't that textbook pump and dump on the backs of newbies?
Facts are good, even if they are bad facts.
Fantasy is bad no matter what the fantasy is, when it ignores the facts.
And NOBODY on this board has the ability to affect the pps.
Honesty is the best policy...…………..
"achieve industry leader status and world domination"
"The bad news for technology companies like ours is that the cost of developing and manufacturing the hardware and software technologies to achieve industry leader status and world domination is expensive."
An itty bitty company, with a pps of .0001, that has no sales and can't confirm any deals of projected sales, is claiming to be on the road to World Domination while at the same time they blame all telecom companies for slowing their growth by not being as advanced as SRMX.
Yup, sounds right to me.
"What is the upside to all of this? Our opinion is that our Company will be one of the most important and innovative companies in the world delivering advanced and unique technology solutions to the 5G, Smart House and Smart City worlds."
Great! Their opinion of themselves is supposed to mean something to shareholders?
How about other companies opinions? How about consumer opinions?
Oh, wait. There are none of these to boast about.
My opinion is that I can be the MVP of the NBA and my stats will be better then Lebron, so I guess it must be true.
And did they really say one of the most important companies in the world?
Wow, Dow 30 here we come.
No Best Buy, No Golden samples
6-29 said nothing about AZ opportunities.
6-29 also said nothing about the Smart Home Pilot Program in Tampa, which was supposed to have started by now, as they said it would in 2-14 update.
At what point do you admit that almost 100% of what SRMX said would happen by now has not?
No ticker change
No SkiQ selling by June
No Smart Home Pilot Program in Tampa
No confirmed partnerships with ATT, Sprint, Tmobile, Verizon
No firm commitment of any deals in place
All we get is a Chairman who pleads guilty to a felony of Securities Fraud and a statement that basically says SRMX is more advanced then any other telecom company in the world and shareholders will be paying for our work through billions more shares of dilution.
And of course, everything is covered by NDA's so we can't even tell our shareholders if the sun is hot.
Just be realistic. The facts can't be ignored.
Did you actually read the 6-29 info? It is true. Stop suggesting good news is coming any day now.
Here's the proof it is months away:
"The difficulty with being an innovator in the 5G world is that the telecom industry is not quite ready to deliver on their end of the bargain—5G is not ready and therefore the communication technology—the SIM cards—necessary to deliver fast broadband is also not ready. In addition, none of the Telecoms in this country have figured out how to deliver a 5G “unlimited” data plan—without this plan 5G Routers cannot fully deliver on the Home Broadband promise. Therefore, the introduction of SkiQ to the marketplace has been delayed due to the inability of the telecoms to provide us with the SIM technology we need to operate the SkiQ. When the telecoms are ready to deliver their SIM technologies to us, we will be ready to unleash SkiQ to the world!"
In February, SRMX said SkiQ would be produced and delivered in June.
So, 4 months prior to being delivered, SRMX had no idea the telecom industry would not be equipped to allow for the introduction of SkiQ.
They clearly do not believe it will happen in the next 4 months, or they would have said so, like they did in February.
"With respect to the Smart House, our Company has developed the first of its kind Smart Thermostat that incorporates NB-Iot “SIM” communication. What is so cool about this you may ask? NB-Iot communication does not require WiFi in the house to provide basic communications between the Cloud and Smart House devices. NB-IoT replaces WiFi for purposes of all Smart House Communication. Why is this important? If you don’t have WiFi in your home-or if your WiFi has a high failure rate—your Smart House can still be Smart."
Again, SRMX is first of it's kind but doesn't say when this will become a reality.
If they believed it was anytime in the next few months, or prior to 2019, it seems they would say so.
Again, suffice to say at least 5 months.
Also, per the 2-14-18 update, TriCascade was supposed to begin a Smart Home Pilot Program with a builder in Tampa Bay, in June/July. With no mention of this in the 6-29 update, it is saf to say this Pilot is either not happening or is delayed.
Regardless, At least 5 months before anything happens.
"Throughout the course of the development of all of our new technologies we have engaged with several major Tier 1 technology companies to perform beta testing of our devices with their technology. Unfortunately, due to those frustrating NDAs we have to sign, we are not allowed to disclose additional information about these new relationships currently in the development stage. We are currently negotiating with these companies to jointly disclose our business relationships and agreement. For various reasons, some of these disclosure relationships will not occur until the CES show in January 2019. Others will be disclosed in the coming months."
Any Beta testing going on now, if there even is any, will take months to prove and then more testing will be needed. This is at least 5 months away.
They say January '19, so that's 6 months.
Others disclosed in coming months, so based on the wording and past history of providing items SRMX has promised, I believe 5 months is conservative.
If they knew it would be sooner, they would have said it.
By saying coming months, they are covered for any length of time up to a year really, to say they did not mislead.
"What is the upside to all of this? Our opinion is that our Company will be one of the most important and innovative companies in the world delivering advanced and unique technology solutions to the 5G, Smart House and Smart City worlds. We anticipate that the sales of certain Company technologies will not become fully deployed until the 4Q of 2018 or the 1Q of 2019. In the meantime, we are working every day with our domestic and international technology relationships to create unique opportunities for our Company to sell products across the globe."
Pretty clear what they are saying here. I'm betting 4th quarter does not mean October, so at least 5 months.
Their own statements indicate a 5-9 month range before we here anything meaningful.
RSI, rebound, oversold, fill the gap, blah, blah, blah
Max said no good news for months. It's in the 6-29 release.
Great post! Stop the dilution is over talk.
SRMX Chairman convicted of Securities Fraud. What big companies will want to work with a tiny company whose current Chairman and former CEO plead guilty to a Felony Securities Fraud charge in March, 2018? Oh, wait. We got our answer in the 6-29 update. None.
You clearly have no clue how SRMX operates.
They claim to have relationships that don't actually exist. See the SRMX PR from 1-17 to see how a "partnership" announced 6 months ago still doesn't exist. Nothing will be happening for at least 5 months. Next time, check the pool for water before jumping in head first.
Fair question. Here is the answer:
"The difficulty with being an innovator in the 5G world is that the telecom industry is not quite ready to deliver on their end of the bargain—5G is not ready and therefore the communication technology—the SIM cards—necessary to deliver fast broadband is also not ready. In addition, none of the Telecoms in this country have figured out how to deliver a 5G “unlimited” data plan—without this plan 5G Routers cannot fully deliver on the Home Broadband promise. Therefore, the introduction of SkiQ to the marketplace has been delayed due to the inability of the telecoms to provide us with the SIM technology we need to operate the SkiQ. When the telecoms are ready to deliver their SIM technologies to us, we will be ready to unleash SkiQ to the world!"
In February, SRMX said SkiQ would be produced and delivered in June.
So, 4 months prior to being delivered, SRMX had no idea the telecom industry would not be equipped to allow for the introduction of SkiQ.
They clearly do not believe it will happen in the next 4 months, or they would have said so, like they did in February.
"With respect to the Smart House, our Company has developed the first of its kind Smart Thermostat that incorporates NB-Iot “SIM” communication. What is so cool about this you may ask? NB-Iot communication does not require WiFi in the house to provide basic communications between the Cloud and Smart House devices. NB-IoT replaces WiFi for purposes of all Smart House Communication. Why is this important? If you don’t have WiFi in your home-or if your WiFi has a high failure rate—your Smart House can still be Smart."
Again, SRMX is first of it's kind but doesn't say when this will become a reality.
If they believed it was anytime in the next few months, or prior to 2019, it seems they would say so.
Again, suffice to say at least 5 months.
Also, per the 2-14-18 update, TriCascade was supposed to begin a Smart Home Pilot Program with a builder in Tampa Bay, in June/July. With no mention of this in the 6-29 update, it is saf to say this Pilot is either not happening or is delayed.
Regardless, At least 5 months before anything happens.
"Throughout the course of the development of all of our new technologies we have engaged with several major Tier 1 technology companies to perform beta testing of our devices with their technology. Unfortunately, due to those frustrating NDAs we have to sign, we are not allowed to disclose additional information about these new relationships currently in the development stage. We are currently negotiating with these companies to jointly disclose our business relationships and agreement. For various reasons, some of these disclosure relationships will not occur until the CES show in January 2019. Others will be disclosed in the coming months."
Any Beta testing going on now, if there even is any, will take months to prove and then more testing will be needed. This is at least 5 months away.
They say January '19, so that's 6 months.
Others disclosed in coming months, so based on the wording and past history of providing items SRMX has promised, I believe 5 months is conservative.
If they knew it would be sooner, they would have said it.
By saying coming months, they are covered for any length of time up to a year really, to say they did not mislead.
"What is the upside to all of this? Our opinion is that our Company will be one of the most important and innovative companies in the world delivering advanced and unique technology solutions to the 5G, Smart House and Smart City worlds. We anticipate that the sales of certain Company technologies will not become fully deployed until the 4Q of 2018 or the 1Q of 2019. In the meantime, we are working every day with our domestic and international technology relationships to create unique opportunities for our Company to sell products across the globe."
Pretty clear what they are saying here. I'm betting 4th quarter does not mean October, so at least 5 months.
I feel their own statements indicate a 5-9 month range before we here anything meaningful.
For those who say it won't go lower, there are thousands of posts since March 1, 2018, that say the same thing.
It's been straight down for 4 months and while the odds favor an upturn at these levels, the company just said there would not be any news for at least 5-9 months, so there is nothing to drive it up.
But based on the last 4 months, there is still downside potential.