Where is TMMI's effort? In May of this year the stock enjoyed a very brief (less than two days)spike due to a promising PR wherein Mr. Cavanaugh stated that they were working on a joint research program with RTN. Nothing since. I mean nothing. It's been six months since TMMI gave us a peep of information. No PRs, no blogs, NADA! Therefore we have to turn to the financials and they are disastrous.
More PPs, priced at half the price of the previous ones. I hope these deep investors that some of the faithful boast about are in a forgiving mood. Under water is not what the insiders/faithful want. Sure one is prepared to wait for a return if the company needs the time.......but to have the company bargain basement it's own shares when so many are left holding shares that have been halved in value by the company doesn't build a loyal following. I've seen this before on two other stocks and the result was the company disappeared in fairly short order.
The burn rate has decreased significantly. I find that diametrically opposed to what it should have read. Forget that TMMI didn't make one red cent from their efforts. Heck, we're used to that. The main thing is if we are committing resources in time and effort to RTN, how can the burn rate drop? Are we, in fact, paying 10 programmers to develop the end all for RTN?
Many feel that the lawsuit has created this vacuum of information. Or, did TMMI need a lawsuit in order to continue in the stealth mode that they're in? It's a moot point because even the most faithful will lose faith when a company behaves this way.
We have about five weeks to go before the end of the year. I know two forecasters/predictors that have to get it in gear or their perfect record of 0 for every prediction will stay pristine. Ray Dirks'forecast $.40/share by year's end. He didn't say which year, or did he? Of course he was paid handsomely to make that prediction. Another poster guaranteed $1.00 by year's end (again). Not sure if he is being paid to do this.
Since the new team took over we have seen multiple private placements, a world class group of advisors (that get paid) and not one dime's worth of business.
This just goes to prove that history does repeat itself, no matter who's in charge. WHAT A STOCK! Same script..... different players..... and shareholders netting the same result!
