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Re: Jmp8 post# 587

Saturday, 05/02/2009 4:05:34 PM

Saturday, May 02, 2009 4:05:34 PM

Post# of 27507
Nothing, I really don't believe there is a new business direction. I believe the ceo is selling them a company.
I can't find anything out about it though, how about you.
You wanna shut me up? Show me some real verifiable numbers on what the shareholders are buying this time. I know what it says in the press release, I don't count those. As a shareholder you have an obligation to request that type of information considering their previous history in acquistion due dilligence.
You asked, "Why would the company continually put money into this "obvious moneyhole". They are putting way too much effort into selling their product for your "cash register" theory."
The company isn't putting money into this obvious moneyhole
(I don't know why there are quotes around that phrase because those are your words not mine) shareholders are.
Someone is taking it out the other end though plus minimum of 20%
By the way, it's your money.
Why not buy some space somewhere like this
http://www.packexpo.com/pelv2009/public/enter.aspx
That would be effort in selling their product. I can't find them
1.7 mil for a failed business.
400k plus writedown for worthless equipment from that business.
zero revenue, 20% minimum interest on borrowed operating capitol, dilution every quarter.
This is not a stock pick, it's a black hole.