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This will prove to be at least as successful as our race car sponsorship. How can anyone not be impressed?
And what say you of SNSR having to pay 12% on this loan? Why the premium over market if all is well? Who benefits?
"if SNSR could step up testing and achieve marketable results" then most of the conversations on this board would be moot...but alas, to date, they have not.
I notice the usual lack of any reference to our cutting edge company...perhaps you were thinking of this company:
http://video.foxnews.com/#/v/4565722/eyes-over-afghanistan-military-deploys-surveillance-blimps/?playlist_id=86857
Anyone see the Fox News report on Raven Industries today? Nice to see a company with actual product, no?
I've no doubt you collaborate(d) with Mide on his statement, but do you also corroborate his PACER claim? He seemed rather adamant...that seems to be the issue here...
Anyone can claim they heard something from management, we know the validity of information gleaned in this manner...
Probably what he meant by "time will tell" and "In my opinion"...
Still better prognostication percentage than you are currently running, no? And you had "direct contact" and other such reliable sources...
Ah but Mide, then their cash cow is slaughtered, no? As it stands they continue to suckle at the teat while some sing their praises...
Your assumption of individuals (much less a corporation) concerned about the welfare of the shareholders is touching, but quite naive...they (or it) cares not a whit for my wellbeing and I accept it (nay, expect it!) while some imbue said company with idealistic properties which it does not and cannot hold.
You offer only questions in defense of this company...an argument for the weak...but it truly may be all you have left in your arsenal of defense for this company...
Logic has little place here Mide - a monkey with a checkbook could be funding this - it does not make him wise...it makes those who belive in him look foolish...
Make that 20,999 - I hold shares but have little to no faith in the future of this company let alone as supposed "technology" they may or may not possess...I keep it as a constant reminder to rely on company financials and fundamentals when picking stocks and keeping emotion out.
And for less than $7000 you could have owned the entire market of the stock today...
No red flags here - buy away...
"otherwise, why bother?" You know the answer to that question now don’t you Mide? Play fair...
“Someone of note wants it?” Sounds like another post that will be strung along others recently showcased of your past prognostications...
Very close to the truth - closer than I have seen for a while... Back to basics - follow the money...
Occom's razor...
I suspect this will be at least as big as the last highly touted event (unveiling) that took place at an airport - but this will be different of course, no?
So you do not expect success, yet you moderate this board and defend the company to the ends of rational enthusiasm….odd juxtaposition…
Just curious Pagen, but you and your ilk have been saying the success of this company is right around the corner for more than six years now, when is YOUR prediction going to come true?
Cuts both ways, but one predection has been far closer to the truth than the other...
Not black, blue - all part of the Blue Beam Project...surprised some of the faithful have not yet grasped this final straw...
A common (and pedestrian) method of debate is to try and put your counterpoint in the impossible position of defending a negative - which you cannot do, and look foolish in trying. What they fail to realize in doing so is that anyone with a modicum of intelligence realizes this is a position of desperation and generally only used when the position they are defending is essentially, unwinnable.
Can anyone here prove Obama did not speak with our CEO? No. Yet, it would be incredibly simple to prove he did (and given our propensity to PR any grain of marketable information) would have been shouted from the hills – ergo, he did not.
Logic says it is so…and so it is.
I should have expected as much...I am not surprised, but saddened nonetheless...
If he were a public entity unto himself you may have an argument, however, we are not buying shares of the CEO...the company is what it is.
Dance away...
He has proven nothing, and his rhetoric is trite, at best.
We heard this song and dance from every CEO all to no avail...yet some still belive, and dance to the song...
Deflection is a tool of a weak argument...I have every right to question your sources given the reliability of your past insights...if you think otherwise that is your right...
You accept what you are told as truth and report it here as such...my only response is you need to dig deeper...what you call "information" I call rubbish...
Perheps this would be better directed at Mide, no?
If it is public knowledge share it and your source - else it is as valuable as your past tips. If your source is the same, so is the value of your information…
Dig deeper - there is more here than your scratchings discovered...
A “Memorandum of Understanding” – wow. Why am I not moved? Forgive me if I remain suspect…let's see where this one lands...
Logic cares nothing for your view of fairness, else it is not logic. Fairness is an emotional based outcome and has no place in logical thinking...
Rising above the fray now, how predictable...
If only you would use your intellect as a means to discover the real truth about this company (your record to date is not stellar) vs. winning petty arguments that boost pomposity but not share price...discover the root cause of the conflict on this board - about this company...and answer the questions presented by your findings...then you will have some credibility restored...
Somewhat circular logic here, no?
"Without even bothering to verify his claims...which were easy to do through the company,"
and
"Hey...not defending what I type from a company source at all."
I still trust nothing from this company until I can verify it through secondary or tertiary sources...you still trust them even though you have admittedly been given bad information or outright lies on countless occasions...other than that glaring contradiction, I do enjoy your posts...
All that being said - what are your expectations for the new man at the helm? I readily admit I don’t expect much - he has no experience as a CEO but was brought on (as I see it) specifically for his military contacts. Should he be unable to deliver on any, I would expect his tenure to be most brief...but of course, paid well for his efforts.
Pontificate, please...
Sounds eerily similar to what Jerry said when he brought on Tim...and again now with our military man at the helm...
All great stories, still no results.
The fact a CEO keeps a company from bellying up and does not take the money and run are what I would call the most basic functions of any CEO...did JL accomplish these? Yes. Did he accomplish anything of substance (IMO)? No.
As you said - you connected with him. You got emotionally involved...dangerous ground when investing...you must admit it can cloud better judgment...
And for the record, he HAS let me down. Again - it's all about perspective...
It clearly is a matter of perception. Tim Huff could also be classified as a huge success because he brought us to the promised land of the AMEX, increased share price and got us a 600 million dollar contract...but alas, no. The fact JL was CEO for a time and the company did not belly up is noted...but again, most CEO's are hired to do a bit more...
phrases like "a better position", "more focused", "on the brink" hold no meaning to me with this company anymore. Results are the only thing that matter, and the one thing they have yet to deliver.
How do you qualify success? At what point would you say this company is successful, and how long will you give them? I asked you this same question years ago and you responded you would be gone (long ago now) if they did not produce. Yet you still remain - and still believe. Why? I would love to see them succeed (I make money then) but don’t expect it. I have about a break-even investment with this company over the years (luck, not skill) and choose to hold on for the same reason people buy lottery tickets...ultimately we know the money is wasted, but hope to beat the odds...plus this board amuses me to no end...
But in lieu of facts, we have little left but to opine, no? :)
My point is this - JL in my mind has done little if anything to help the shareholders of this company, and people like Jet (or even actual shareholders) have every right (dare I say responsibility) to call him out on it. I do not see anything in his tenure I would qualify as a success. My opinion of course - but I struggle to see how anyone can define him as a successful CEO.
I also cannot understand the vehement defending of this man who has done nothing to add to the value, but continues to suckle at the bosom of the company for free shares. When he inevitable leaves I am sure the tune will change for the new dance and those currently defending will opine on how he is part of the past and never really mattered anyway.
It's the pattern here that disturbs me...with the promise to change but never the delivery of said change. I'll show restraint here and not opine on this as it relates to our current state of government...not an easy task…
I would ask a different question - did JL deliver on all he promised...or have we lowered our expectations so much that simply keeping the company afloat qualifies as success?
I have higher standards than that for a CEO of any company I invest in.
As to whether or not they are (or have been paid) this is all supposition and conjecture until proven otherwise. If you’re getting paid in stock, your still getting paid until the stock is halted or has no trading value. I highly doubt the interests of the shareholder are a concern when the employees consider how/when they will be paid...a bit too altruistic an idea for this company given its history...
I disagree there is little we can do...
I was a constant thorn in the side of our old PR man, as well as Tim Huff...both of whom proved themselves to have feet of clay...and the devil's tongue...
We can question, we can demand answers, we can refuse the dribble of spoon fed gruel that is often pushed by this company (and many on this site) as gospel or as if it was already completed (and confirmed).
We can act like we are actually shareholders of this company rather than a wing of its own PR department...
"All that is required for evil to triumph is for good men to do nothing."
I am not simply "negative" on this stock - should they ever actually produce and sell something I may change my proverbial tune, but alas, after years of owning this stock (going back to the Jerry Hinton days) I realized they have rarely (dare I say ever) produced what they said they would. They promise the world then quickly move the shells around only to show that the product we thought would be there has mysteriously vanished.
They have exhausted my trust - and I choose to hold them (as a company) accountable for this. It is my choice. They can begin to earn my trust back by performing the most basic of tasks - simply producing and selling a product. To date, this aspect of business continues to elude them...as it has for so many years. Even when they actually sell something we find out later it was all pixie dust and promises...
There really is no debate without a pro and con position now is there....?
"We the willing, led by the unknowing, are doing the impossible for the ungrateful. We have done so much with so little for so long that we are now qualified to do anything with nothing."
I was once like you...as were many others. Some have simply chosen to take off the blinders and see the world as it really exists. Not that it matters but I still do own shares...does that make my comments any more valid? No...just like you owning shares makes your comments carry no more validity having owned them for x number of years...
Hope is not a viable investment strategy...
"raising the negatives", "doesn’t meet a deadline" - what else is there to talk about with this company?
“The world is a tragedy to those who feel, but a comedy to those who think.”
It would seem we have the same mismatched puzzle pieces we have always had, now just with new kids trying to put the puzzle together.
We have been down this road so many times before - waiting for test results on products we ultimately never produce, waiting on filings that are always worse than advertised (when accurate at all) and vague references to great military (or any for that matter) contracts that always seem just out of reach...
What exactly are you having trouble puzzling out? This three card Monte game has been run so many times, yet you still feel you know for sure where the card is now...that is the puzzle...
How many times have we danced to this song? "They want to make sure everything is squeaky clean" - only to find out later that things were not squeaky, let alone clean...
Thousands of other companies (many with actual revenues) produce their financials on time, every time. It seems only we have difficulty with even the most basic of business processes.
If you want investors to believe you are a different company from the past, how about acting like one….
As you responded to a question about revenues with an answer about funding - I assumed the obvious had eluded you...
There is no equating revenues with funding in any GAPP document I have ever seen...also obvious...
Not to put too fine a point on this, but he did ask for revenue streams, not funding...they are quite different.
As of today, I know of no revenue being produced by this company. If anyone has different information please post.
I belive you actually first need a product to sell, then actual customers to purchase said product to product revenue - neither of which we currently have...
If the deck was stacked or marked to begin with, changing the dealers does not change the outcome...we (the shareholders) still lose...
I am not accusing him of anything - quite the contrary - if he shows me (by actually doing what he says he will - how demanding of me, I know) he will have my trust.
As it stands, he is just another in a long line of people involved with this company who brings pedigree to the position, but no results (yet).
I dont use the "blind faith" method when investing...sorry...this is business. As is stands I dont even know if we have a viable product to sell, or if we do, if anyone wants it...those are pretty basic items a CEO should address, no? This is after all a PUBLIC COMPANY!