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Same old script thats dusted off quarter to quarter..Like I said pigs cant fly. This POS continues to struggle and 1:75 reverse wont do much because the fundamentals or so weak..The beat goes on....Poorly managed and marketed...All IMHO of course.
Telanetix is proof positive that pigs can not fly. A 1:75 reverse split what a joke.
All IMHO.
Bottom line would expect Hale to now try to ready this for sale in the short term...$4-$5/sh would be a guess. The co. has not been stable and/or consistently profitable..perhaps they have deals lined up who is to say...IMHO.
Wow!!!!!!This was a given to happen but worse than predicted...I thought worse case the reverse split would be 1:50...Glad I got out of this one...If it ever looks like they have something that adds instrinsic value and they finally know how to grow a business instead of numbers manipulation and can report on something other than EBITDUH then maybe venture in if there is a run......Though to date this managment team has been horrendous AND gets the BIG goose egg award....IMHO....
Good luck you guys hope this turns positive.
Apparently the CEO did not make any New Year's resolutions to improve the the share price..2011 same as 2010? Looking so.
Runner you crack me up...Yes enough with the EBITDA already...Thats a strange announcement isnt it?..Nothing else said. ...Yes exactly what about SALES.
Also good luck if you hang in there with TNXI. I will continue to watch and if it moves then consider coming back in.
Happy Holidays
I think you're right, though Johnson ended up boxing himself in with that refi. Like you mentioned the growth has not materialized. If so then the debt could have been managed or eliminated w/o the need for the mega millions of shares to Hale or the need to reverse this stock. Not sure about the revenue g for this co. Would like to have seen an interest by another co. Maybe Hale has something up his sleeve to move this who knows.
Runner you are right its dumping..I unloaded a bunch today....Tired of the do-nothing management running Telanetix and this stock performance has been a total joke......You and I both took away from this CEO a bullish outlook for this past year. CEO receives a big F. This is a company that seemingly has a product competitively priced enough to make substantial inroads to the VOIP business market. Especially in such economic times. The growth has not happened and the lack of communication from this CEO is obsurd. Also this talk of a reverse split is just BS...Who knows how big that will be. Generally this will benefit a few. Hale right now has to be losing money on this so we'll see what happens to turn this upward. So I'll see if anything improves on the balance of my holdings and hope so.
Other portfolio doing ok especially biotech so holding there.
All My Opinion of course.
Well....Just another day at FOUR CENTS. Though better than $.035 or $.03. Thankfully its at least stayed now at FOUR CENTS.
The IR's for this co are worthless. You are lucky they picked up the phone..The best thing that could happen is that this co gets sold and the CEO can go back to accounting..IMO. Dismal CEO results taking the co over when the stock was north of $1 to nearly zero now. And Runner you are right this now is about Hales return only not any other shareholder..That has not been important to this CEO. Its CYOA and Hales at TNXI.
Doesnt care about the shareholder either other than Hale. Could be some litigation around that. IMO.
Company needs NEWS! But mostly in need of a new CEO that knows how to build a business. Four cents/share is a joke. Next news will be how they want to reverse split your shares to pretend like the company value has improved when in fact the CEO has done nothing except sit on his hands for two years while the share price has continually dropped. IMO.
Any NEWS??.........Of course Not. One month since the Merriman conference and nothing EXCEPT news about management protection from lawsuits...Interesting.
Runner, if they are going to sell the co they dont need to go through all the gyrations of a split they could just do that now with current structure. The reverse is to make the co look more valuable by using division instead of actual value and hoping that they get the co on the radar of those that MAY see interest at a higher PPS. Keyword MAY.
If they had a buyer now for that amt would like to see that now. Too bad this has become an actual penny play when it seemed to have much more going for it.
Runner, if they are going to sell the co they dont need to go through all the gyrations of a split they could just do that now with current structure. The reverse is to make the co look more valuable by using division instead of actual value and hoping that they get the co on the radar of those that MAY see interest at a higher PPS. Keyword MAY.
If they had a buyer now for that amt would like to see that now. Too bad this has become an actual penny play when it seemed to have much more going for it.
Good luck JDUB cant blame you for getting out..I will wait a bit longer to see if pigs can fly..at least get off the ground some.
Hale is down a few million on this deal so wouldnt be surprised if Johnson's days are numbered. Even with a reverse Hale is down. And we know if its the status quo with marketing this co the reverse value will DROP!!! They should get this to at least $.30-$.50 before any such discussion. This will NOT increase any real investor, fund interest etc if still the staus quo. Thats delusional thinking.
Take a look at ACTC.OB. Here is co with 1M in sales and over
1 Billion(yes billion) in O/S shares trading at $.16...Come on..There are many companies like that..TNXI sorely lacking LEADERSHIP, marketing, promotion,value, and interest...Need something like a deal with Qualcom etc...
Hale's got to be down a few million on this one now...How long will they tolerate this co performance? A reverse wont improve instrinsic value.....Top line Growth, Earnings will.
I know I am critical of this performance but I do liken it to the coach analogy..Sometimes it just aint workin and the team needs a change to turn it around. The Johnson turnaround has not happened and it has been the opposite. The natives are restless.
Runner was that you that dumped all those shares yesterday?
In July I was considering buying more shares from that offering but would not touch it now after what has occurred since then....
Not sure why that(rights offering) is important now anyway, just have Hale buy those shares to make up the difference its only $3M. They own 99% of this now anyway. Its obsurd to offer anymore shares to the OTHER OWNERS...Why? So you can buy-in further to this POS....Needs a new coach..this is looking more like Wade Phillips is running the show with each passing day.
Not sure why that(rights offering) is important now anyway, just have Hale buy those shares to make up the difference its only $3M. They own 99% of this now anyway. Its obsurd to offer anymore shares to the OTHER OWNERS...Why? So you can buy-in further to this POS....Needs a new coach..this is looking more like Wade Phillips is running the show with each passing day.
Not sure why that(rights offering) is important now anyway, just have Hale buy those shares to make up the difference its only $3M. They own 99% of this now anyway. Its obsurd to offer anymore shares to the OTHER OWNERS...Why? So you can buy-in further to this POS....Needs a new coach..this is looking more like Wade Phillips is running the show with each passing day.
I think we need a new coach!!!!
Looks like someone has had enough of this mismanagement and is dumping over 200,000 shares today..
I forgot to add that at least it was NEWS!!!
Thanks for pointing that out. These agreements happen. Not sure if they had one before but other companies have them. It wont prevent them from being sued so that can still happen and should under certain circumstances. I know the timing looks suspicious though doesnt it, maybe there is concern about forthcoming decisions. Well if there is a mess then Johnson has created it.
Runner,
I know its hard to believe. Under this CEO the price has gone from over $1 to $.04 with a steady decline. And because he was not successful growing sales revenue he had to refinance this essentially at the other owners(our) expense. Otherwise the debt could have been elimnated through income. I thought the PPS could move upward toward the $1 range based on the low product cost and market size but has not happened with this poor management execution. Another thought was IF the co was going to grow this could have been sold to another co. The refinance with Hale has drastically altered ALL of the other owners potential returns. Take for example a sale of the co for $50M. Pre-Hale you would have received $1.60/share, NOW you would receive a mere $.14/share. Nice right. Hale of course would benefit and so would this managment. A reverse split would NOT even be a necessary consideration if it werent for the Hale deal. This CEO has not done the job for the OWNERS except Hale. Talk is cheap which unfortunately matches the share price.
Pretty tough when you only trade 6500 shares per day...Plus this CEO has not created any incentives to purchase the stock...Whats the future??????????????..Maybe Hale picks up the 78M and then reverses them..WOW....Co vision good...execution to that vision..horrible to date...
Absolutely needs to be marketing the company. A conference call every 4 months w/o any news in between is not doing this any good. Maybe this co needs new leadership with someone who knows how to market/promote and build the co. The product is ideal for these economic times as mentioned with 60% savings. As I have said we need real growth in the instrinsic value and the co leveraged to max growth...
Let Hale reverse his shares and leave ours alone.....Just get the flippin price up....The CEO's optimism has yet to translate for the shareholder..
Why bother with the Merriman conference if its business as usual(no news, no announcements, etc) at Telanetix? Wouldnt it make more sense to have that planned when promoting the co at a conference to perhaps move the PPS upwards?
Runner I hope you're right about that. I would agree completely.
Any News?? Of course not. Most likely the only news forthcoming is the announcement of the "boards decision" to have a reverse to improve the PPS by manipulation instead of by RESULTS...
My point was that had the management been doing their job over the past year this would be much higher than a dime. IMHO its pathetic that this is a five cent stock and the co has not many inroads into large market share given the economy with a product that saves 60% on costs. Sure ten cents would be better than what it is currently but still very anemic. The reverse split if it happens will most likely be at the beginning of the year. That is a joke if it happens and is only a shell game, that will do nothing to improve the true value of the company. Will there be more interest in the company if the price is artifically set higher??...a r/s is not generally seen as a positive and only a windowdressing move because the real intrinsic value is the same. If such a move were to occur they should do that when the price is $.50+ and has shown growth in intrinsic value. The float on this stock has not changed even though there are now mega shares with Hale. Any news that would be substantial, large top line growth due to account inroads, partnerships, buyout. or event that rapidly grows revenue would shoot this stock much higher. I want to see intrinsic value growth before any manipulation of the stock.
Not much confidence if you think this is only a .10 stock
I have noticed the same...good volume in PM...Someone has been interested....With some substantial news this would rise nicely IMHO.
I am afraid Doug Johnson doesnt know how move this co forward....This stock level is astonishing....And the only thing he is proposing is to reverse split this..come on...the value is the same....
Yes I see that..interesting...needs to go up though not sideways. but good to see interest. Did anyone hear the presentation at Merriman yesterday
After a day like yesterday need NEWS to create momentum.....Having only quarterly conference calls will not do....This is an odd trading stock to be sure...242K one day and zero the next....
Runner, right on point. The annual sales rev will be about equal to last yr...Need upside sales rev. ...Yes a R/S is windowdressing thats all and will reverse down if the financial fundamentals dont become stronger on the top sales line..2007 to 2008 that doubled. Need to see more. I thought at the beginning of this year there would be such change. Large market and an ideal low cost product for SMB's in this economy.
Bottom line is we all thought Johnson & Co would have done more to move this up by now. I didnt own any of this when it was $7(3rs ago) but thats quite a slide to be at $.04. Certainly should be $1 min.(WITHOUT ANY SPLITS) at this point. Is the next communication from this co now in Feb for the 4th qtr conf call? Thats a big part of the problem....Need explosive and consistent numbers, market share, and NEWS!!!!!!!!..partnership, acquisition, buyout($.50/sh) something...The next stop and goal should be $100M in rev. How can that be achieved by TNXI?
True but then every company has other income, charges etc allowed by GAAP that flow to the bottom line. But next qtr and each thereafter earnings all the more important....Can we bank on the market opportunities are as they say and growth is exponential. As important co needs exposure and NEWS of revenue changing initiatives.