I am beginning to think that it is better to disregard everything except the share price...
...and the trading volume, and just play this as a lottery that comes with a nice (possibly fairytale) story.
That really goes against the grain for me because I am mainly a value investor and not a speculator. And I have been watching this for years, and have been in and out several times. And I'm still here watching for, yet another, chance at a profit. But the story behind this is really getting thin and transparent.
This stock has had quite a long history of future deals that didn't quite pan out. I recall the deal to tag the small Elk herd in Montana that was supposed to lead directly to the wide-scale tagging of cattle to track for Mad Cow disease. Then there was the sheep in NZ, the cows and chickens in Indonesia, the tires in Europe, etc. blah, blah, blah, yada, yada, yada. And now it's license plates in China. Great! What next?
The one consistent theme here is that there is always a gigantic deal in the near-term future. And if that one doesn't pan out then there will be another, even bigger one, in the landing pattern. The story here has been repeating for a long time. Way too long.
Well, I sure hope it works out for you and the other longs. But signing up with La Jolla Cove for what will surely be death-spiral toxic financing is not a good signpost for any future progress. Unfortunately, this funding agreement is a current event and not something in the future.
Somewhere along the line AIDO has to actually close on one of their deals and start a revenue stream from sales. Regardless of whether they use it, the existence of this CD is an indication that time is finally running out for AIDO to make it in the RFID biz.
sabregold1999, as you previously pointed out, AIDO is now, pretty much, a Chinese company. I sense danger in dealing with the Chinese in this way. At this point AIDO has painted themselves into a corner. So I don't expect to hear about any more future deals, except the the current one for Chinese license plates, or whatever. I don't see anything beyond that except possibly the insiders bailing out via the toxic financing route.
If you should see a new PR Blitz break out here I would be very suspicious. Most likely it will be a feeble attempt to pump the PPS prior to borrowing, in order to keep La Jolla Cove from converting new debt to equity at too low a price. I have been down this path before and it's not pretty, as the shareholders are the last to discover the ugly truth.
The only thing that is going to work for shareholders is a REAL VERIFIABLE CONTRACT for really big money. It's down and dirty now. So if they get that contract then I will be taking a big position again. But not before.
Just my opinion...
bbd
AI
