AbsoluteSKY (fka ABSY)

[downsideup]

I've made similar inputs before, and had them make a difference. The link below connects to that instance, and there is more to this one below the link... http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=23180&tid=814&mid=838&tof=42&rt=2&frt=2&off=1

SNT went from being in a debenture diluted death spiral before this post above, to where it is today, all and only as a function of updating their website... to what it is today... from what it used to be. It used to talk ONLY about their plant work, while the stuff that is on their page today, was there to be used years ago. They went from playing "I've got a secret" to just showing what they are really doing... which carried them from a $0.70 trading range to where they are today... with an upward bias.

I'm not claiming I single handedly "drove" them to putting together the new web page with that post... but it certainly was responsive and timely. Hard to tell, now, with others posting there, that for about 6 months I was there alone, each post like talking to the wall... but, someone at the company WAS watching... which I always expect they will be doing.

The deliberate lack of communication at SNT seemed to be a function of managers who thought it was far more important to keep the wraps on their "secret" project in development than it was to communicate honestly with the owners of the company. The result of the error, of course, was to hurt the owners badly by losing huge chunks of their company to debenture dilution at ridiculously low share prices. They did address the issue after my post, but it would have been vastly better for shareholders if they did so BEFORE throwing away half the equity... and today SNT would be at $3 instead of $1.50...????

Anyway... following the changes at SNT I've added a couple of more "esoteric" elements to my due diligence... One is that since value attends to communication ability and communication quality, I need to evaluate that ability and potential in companies under evaluation. Another I'm still working on is that an evaluation of the other share holders in a company is a necessary element of DD in computing a properly risked future potential valuation... SNT risks included the fellow shareholders who owned dilutive debenture debt... a not uncommon market risk... but, other risks might include fellow investors who just aren't very solid in their skill sets... who post the wrong things at the wrong times... who sell at the worst possible times because they can't afford to hold or acquire when they should, etc.

ABSY seems to have a pretty solid shareholder base for the most part... but the communications issue is still an open question here. I do expect to see business successes reported here "soon"... and it will be interesting to see if there is any new effort applied in focusing communications strategy or tactics by the next bit... Without some purposeful improvement, I fear, each bit of news that comes out is a lost opportunity, and, eventually, the accumulation of the losses in opportunity will become limiting.