Sunday, July 29, 2007 11:24:27 AM
Raynell1, if you're the CEO, it's great that you're worried about the share price but, for me, it doesn't inspire a lot of confidence if you feel the solution is to quiet the "bashers."
I remember another company, Phillips Metals in Canada, which was so convinced that bashers on Yahoo were the cause of their steep share price decline that they filed suit. A few months later it came to light that the company was fudging their copper sales and the company went bankrupt shortly after. It makes me very uneasy when a company's management steps up and points blame squarely at a message board.
In my opinion, forget about the bashers--they're either right or they're not. Do the best you can with the company and the stock will adjust to the best possible price. I understand the Cornell financing makes this unique and raising the share price sooner would be extremely helpful since a higher share price means less value is transferred to Cornell but fighting bashers won't help anything. Evaluating the ROI of all steps to be taken in operating the company will probably yield much better results.
I'm certainly not against you posting. I remember a while back the CFO of a large ISP was posting on his company's message board answering questions and that was a real treat. Raising the knowledge level of those here will help readers properly value Innova's stock--whether that be for the good or the bad. For instance, Innova has had a great growth in service revenue in the past few quarters and has fair margins but nobody here knows if that will continue. You've also announced that Innova was going after licensing but nobody has any idea if there are any reasonable opportunities.
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