Blacky, I have the same emotions with similar average price...however one day getting back 25% of your money to reinvest might look really good to getting back zero.
What are the facts? So much posted here hasn't come true. $1 share price. MicroPaint cashcow. Launch of Paperclick. In come from word and name registry.
What has happened?? MASSIVE dilution of shares. Mounting losses. A bit of hype wjich pumped us to 15 cents.
On the plus side, NEOM in business for a few more months. More funds can be raised by selling off companies if those assets aren't now tied up by Cornell??
This SuperCompany is in worse and worse shape financially and could not afford to close on HipCricket.
What I can't see is a way around the dilution. Huge revenues are required. Those good news European contracts of mobile marketing produce so little revenue PER SHARE that it couldn't be measured, imo.
Please show me a revenue model to support our float.
If there was going to be a deal with Nokia, MSFT, Google, Vodaphone, NewsCorp... why couldn't we get a small good faith payment to run the co' for a few months?
Perhaps there is no major partner out there? But tossing around those names helps Cornell sell stock and keep the game going.
We shareholders are crushed under a balloning float of shares.
Someone (Brewski?) a long time ago called this death spiral financing?
Someone please explain why our cash flow is so poor at this point and why no-one else would advance us a few measly millions dollars?
I believe the company will suceed. I think our current shares will be worthless. JP, didn't you start here when the float was 50 million shares? What happened to your prediction that Cornell would be gone soon? What is your take on all of this? You have the ability to stay positive. I am much more reactive. In the meantime, share dilution, like inflation of the dollar, is a somewhat invisible destroyer of wealth.
I fore see the day when we have a reverse split of 100 to 1 and a new outstanding balance of hundreds of millions of shares AFTER the reverse split.
Can anyone see a way out of this scenario? I can't, but perhaps others can.
Dr. Mike
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