Stats Mocker
FWIW, I think your take is the correct one. The 10K seems surprising to some of the MOBL diehards, but I don't see what is so surprising. Didn't we already know that Davel had declining revenue and was an impaired asset?? The only new aspect of that mess is that someone finally had the guts to clean up the balance sheet a bit by writing down that asset. I view that sober assessment as good news. And didn't we already know that MOBL was out of shares and was holding a fire sale of its parts? The bet for folks buying those umteen million shares Cornell was dumping was that the fire sale would net enough to pay off Cornell, leaving remaining assets worth more than 20M. I do not see how the 10K changes that bet. OK, I feel the pain of those who bought in much higher, but the real question to ask NOW is whether MOBL is worth more than 3 cents or not. Sunk costs.
The only real news is that MOBL hasn't made a sale yet. It would have been great to have news of a sale of almost anything. But I agree with Stat Mocker that we probably will not need to wait very long to see some action. I liked the candid assessment that MOBL cannot stay in business past the end of the quarter without something major happening. That was clear to me, and that was the reason I invested with a basis in the low 2s. Running out of shares was the positive catalyst IMHO and now they have to face the music. My guess is that MOBL will tank on Monday, based on panic selling due to thinking like I have seen on these boards. I continue to think that MOBL is a buy at 2 cents, a hold at 3 cents, and a sell at 5.
Wadi Rum
AI
