There are many legitimate reasons for investors to be pissed off don't you think. Those big fat bonuses could have been better served in the atm raise they're doing, rather than the free gift. Options, no issue. Free shares, big issue.
The fact that the contingency plan is in there, increases risk substantially imo. Why does the U.S. government care about the state of a company. The technology will still be around no matter who owns it. If it were an American company, I would feel a little better. But like the controller theory, there are many ways to get hands on someone else's technology.
What IF this big contract doesn't happen that everyone is hoping for? What do you think will happen to share price if contingency plan is put into effect? What if the government keeps what they're doing status quo. We will pay for the trials, and that's it. Twins don't really have much of an option. There are other technologies out there for ARS, that are further along. I truly think they are way above their heads on this. Nothing from their past positions at Elbit vision systems or their current one gives me reason to believe they are capable of much. That relationship alone brings tons of doubts and questions about them. "Co-workers" for many years. Don't think that goes unnoticed. Didn't for me and I'm just a Joe Shmo.
So because I have skin in the game like most here, I can raise these concerns in the hope that if they don't come through in 17 like they said, both should be gone Jan 1st, if nothing happens. Really they should. We are getting ever nearer to the half way point of the second half, and really Jack squat has happened to the share price. Good, consistent movement down is all we get. With a 7 cent run up and we all turn happy. Imagine thinking about 7 cents when we were at least over 2 bucks. Piddly!!! Now we get excited/desperate from that rise in the hopes of something coming down the pipes.
They get a $2 million plus bonus for what I don't know. Now after that garbage, the board says they looked at compatable companies. Should have done that the quarter when you give the free shares. But at least I guess, unless they start selling them, they would become worthless like ours would become if it all fails. I am pissed at this company right now, and until they get that contract that they are still promising, I will continue to be.
And now we know the delay since Dec 2015, when they originally got the ok from PMDA. Can't start with no partnership. Why has this deal been delayed for this long. Explanation is LONG overdue don't you think. That is why when the 2 page "shareholder update" comes on Monday, everyone should be pissed. This management gets very little accomplished in the promised timelines. Just look at their January presentation. Promised what I said in 1h17. Of course they're not going to publish a new presentation in JULY showing expected milestones that have passed in time. So no that was CORRECT for those who challenged the DD.
What happens if we get to DECEMBER with nothing. That's just shy of 4 months away. Could it be too late? Will there be a big exit in disbelief?. A lot on this board said so, no? I guess we're the exception and no one else will. Still believ no matter what!!!
So maybe you're ok with the newly added risk, but I'm not. And truly this post is not meant to disrespect, just my thoughts. If there's some intelligent rebuttals aside from if they get the contract, they would be appreciated. Just anything to add to the topics Ive brought up. Please don't be shy. Speak up. I'm especially waiting for rebuttals on cash. I guess my calculations about cash on hand and making it to Q1/19 weren't shown to be otherwise. Or there would have been some intellectual posts in return. Hope doesn't run eternal.
But still, after ALL these years, I, continue to hope like the rest of us. I'm hoping they can get this cotract soon and let it be substantial. We don't deserve to be where we are, but that's the reality. We do imo, have the best technology. Management is what's suspect. Cmon a CC please!!! Do it in Hebrew, I dont care. Just do it!!!
And the closer we get to the end of the year, the more pissed I will be. My Sept options are going to be worthless in 5 days, and don't need the March ones to be the same. My risk, my loss, no fault but my own. My GAMBLE with this stock. Still long, trust me!!!
GLTA
