Thursday, October 12, 2006 10:41:26 AM
I agree that the BOD should be buying shares here, at the very least Chas should put the money he took out at a share price in the .20s back in here at .08. Heck, many of us here have put considerable money in here below a dime.
Anyway, i really do believe we are on the road to having cash available. If the subs take some sort of deal (that hopefully isn't too dilutive) and we get enough from micropaint to pay back cornell's recent loan and we lower the burn rate and bring in between 7 and 10 million in cash the next quarter, with a chance at doubling that over the next quarter, we're going to be cash flow positive. With scanbuy moving forward (and from what was said in the cc, management seems pretty sure we're gonna win that in a big way), qode now available in Java and soon to be Brew, agreements with companies such as McDonalds, Coke, etc, and movement in China and the UK, we have so much potential. If they can get the dilution under control through a buyback or via a partner, this stock could launch into the stratosphere. TS is gone, we need to replace him with another cheerleader, optimally someone from a reputed firm. Anyway, i am optimistic that by the end of the year we should be returning to a more reasonable pps.
best
Joe
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