magicJack VocalTec Ltd (fka CALL)

[barsell]

Here is a company with $12.3 million in cash and 5,685,697 shares
= $ 2.15 per share cash. However. company in its latest report said it had only 1.79 per share apparently basing this on the old share number of 7.4 mil shares. A mistake?

In any event what we have here is a cash rich company with a 50 cent stock which is losing money at 1.5 mil per quarter.Management says they expect to reduce the losses. There was no talk of a profit. Management to best benefit the shareholders needs to liquidate immediately. Failure to do so means they are seeking to preserve their jobs at our expence. John