Thanks always for your voice of reason. If I had not heard that Glenn had dropped the ball on other funding avenues I would not suspect a thing. If there had been no contracts awarded to the likes of AT-solutions and other contractors/ radio contractors for figures like $400m and $1billion respectively, I would be more believing of the trickle order scenario (even though I believe if there were consistent orders promised by any party, that current investors would have still continued to fund the company- why would they not, and most of all, why would they not have funded the company at least till when we EXPECT orders?). Remember that the 10q looked like crap cos they booked all salaries for the year, and imo questionable expenses into it. For example, if GTC is free minutes and contributed 110k or thereabouts, and ltas only had a net loss of $4k, should we not have had a gross of around $100k and not the $28k mentioned? Where are the other cogs from?!
What I find strange is the AT solutions hire of headcount for bib. How can no one expect a sale from Jieddo? Also if the radios have been ordered to the tune of $1b, would they not NEED to build out the infrastructure out accordingly? If the point of NIE is to test the products for integration into joint forces, I seriously doubt they will just order 1-2. I do think it WOULD be a more binary decision of whether to use it or not. If not, and no sales are expected (which I highly doubt if they expect it to go public), of course Glenn was right in selling. If yes, then we are right in wanting to see our upside since we already bore the risk for that sole purpose. In my spreadsheet, an order in the magnitude of 5 would have saved us for the year, and an order of 20 or so would have put us way in the black, shut down all bashers and shorts and put us in a much healthier sp range.
Right now, while we await things to "unfold", the share price is unravelling even faster than the unfolding. Uncertainty and not knowing the value of shares exchanged for makes any investor have to assume that they are not worth much until they do have a value. This causes selling as they think the near term upside is much curtailed while the risks are still apparent.
As mentioned, we don't even have a PR on the Argus and GTC to try to shore up the share price and help boost confidence in value going forward. As you can see from the share price, we are headed to dangerous territory if no support for the share price is worked on, and no confidence is generated following that imo and in others' opinion, horrible letter to shareholders.
