OK, since we are all quoting other people on other boards.. Robert Moss over there on Yahoo expresses himself quite well here:
Let's be realistic. When I bought this stock, I did so because I backed the man. Atari and Chuck E Cheese. You cannot get much better than that. Bushnell is/was a pioneer. Businessman...no. Pioneer..yes.
If he had proper financial advisors, then they should have allowed the float of this business to occur on 2 conditions.
1. Surround Bushnell with a solid financial/organisational person. Not a boffin, but someone who could implement.
2. Stick to the strategy.
Restaurants and franchises were the key to my interest.
This strategy has now changed. Why? Because they cannot get it to work. Three restaurants will not make money, and they are not opening any more?
All this time and no income. No deals. Spend my money, spend your money, spend the investor's money, draw salaries.......where is the income?
This company will go to the wall. Clearly there is no money left now, after the last restaurant opening, so where do they get cashflow?
From the four terminals being used as a pilot? Where is the contract? What kind of low level pilot is this? From the $50k they may have received from the only software sale that I am aware of? I wonder whether they have been paid?
Bushnell is probably still broke so.......
Oh yes, they could go to the banks! Who in their right mind would lend this company money?
....of course....the shareholders. Come in netman, you can prove your faith in this management team. When they come for their next $10m make sure that you are there.
I would love to, because I still believe in the original strategy but they will have to do a lot of explaining before i even consider stumping up any more cash. Listen, you cannot dilute anything that is worthless can you?
one man's opinion, and he is being negative/ blunt. But there is lots of truth there as well.
