Brendan- Let me give this a try in answer. First I read the K in it's entirety. Not a good read not only IMO but I don't think anyone was too happy with it. Yes, if they slip in another reverse split I think all investor confidence will be lost, the pps will tank lower than it's ever been as most sell off their shares. Will it happen? I don't think so, but that's only my opinion. Who can know what goes on in the main office behind closed doors.
What does the future possibly hold? First I'll say I'm still holding over 3 million shares and haven't sold a one even after reading the K. I still see some kind of future here that would be made brighter with the addition of more licenses. I still have the longer term view. Some people do pre arrange their own funerals, most do not. The excitement for these products doesn't come from today's 80+ year olds, rather from the next generation coming up. Would grandpa who grew up listening to radio rather than TV want to be buried in a photon torpedo? I seriously doubt it. The concept is still sound and coming but the time hasn't hit with full force yet.
$1 share price? I'd love to see it. But I think the share structure needs to be seriously addressed before that happens. See Lurker's posts to get a better handle on that issue. I have seen stranger things happen on buying frenzies in the past but a maket cap of over 1/2 billion $ could not be sustained without large increases in sales numbers. I'm positive on the company but still also a realist.
As for the near future, right now I'll be happy to see the uplist and the 1st quarter Q. I hope it will look better than the K, but if not I'm holding on for now anyway. My ETNL value is red like everyone elses. I'll be scrutinizing each 10Q thoroughly. I'm looking forward to new product releases also. They have distibutorships and the industry is starting to embrace the concept. In an industry known for being ultra conservative, it's has got to mean there has been public interest in the current product lines. Hope this helped a little.
And good morning everyone.
...........al
I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975
