The positivity/objectivity of some on this board is, well, not. The shareholder letter was, IMO, similar to a quality company working to reinvigorate the team. Again, there were some grammatical issues, but the underlying content was good.
I have passed a message on to IQST regarding suggestions for a renewed confidence for investors. Let's see if they adopt any of these suggestions:
1) Forgo the Thursday PR’s and management updates and instead use “radio silence” regarding updates. Shorter’s use your regular schedule to short the stock. Consider staying quiet and when news pops, everyone is unaware, including those shorting the stock. (I asked this as I have seen others say the same thing - the schedule is fodder for shorting attacks. Mix up the days/weeks that you disseminate information, and surprise investors/shorters)
2) Consider Stock Options with a 2-3 year vesting window instead of Cash bonuses or forgo any bonuses until you have achieved your objective of Nasdaq through a qualifying Share Price. The fact that the Smart Biz was a $1.8 million deal, and the bonuses were $1.075 million tells investors that the executives making money is more important than the Company achieving Nasdaq. The $1.075 million could have been utilized to purchase the Smart Biz company, and cost the company roughly $700K in shares.
3) Stock Options (mentioned above) show that the executives have strong faith in the Company’s future, vs cash bonuses which indicate a “get the money while you can” mindset.
4) Future acquisitions should control how/when shares used for acquisitions can be used and limit how many shares the acquired company can sell during any single day/month/quarter. Giving them an open window to flood the market with $800K in shares serves only to suppress the price and gives those who short the stock the ability to further pull the price down. IMO, the shares should be held for longer, with a 20-25% sale allowed once per month or quarter.
