Jason,
It's always necessary to put things in perspective.
The big picture.
Being always for the best.
In the matter of Pike and SPNG we're talking an investment. And certainly not an arm's length one as pointed out. Open market purchases. A matter of gross undervaluation circumstance being fully advantaged. Money in the bank. The future wide open. A business plan and model that simply couldn't fail. Operational gold mine. Cash cow.
In the matter of Pike and QSGI/QSGIQ we're talking capitalization. Funding the company's ongoing operations and growth/expansion directly. A matter of private placements. Of warrants and convertible notes and preferred securities.
And an example...
'133,333 shares of Series A Preferred Stock convertible into 1,777,777 shares of common stock'
None of it a matter of open market purchases. Mr. Pike himself actively involved with the company in an advisory capacity and more. Having performed the necessary due diligence.
And...
(Mr. Pike from August 2005)
"In today's environment of heightened data security concerns and increasing regulatory compliance requirements, it's difficult to identify a company or individual who doesn't need a comprehensive solution like those provided by QSGI."
Our talking a time when the company's stock was troughing for the second time in the $1.50 area. Twice previously having charged to the $4.00 area.
A sound enough business plan and model and cash flow positive status was achieved. Positive EBITDA additionally. But it wasn't to be. A matter of changing fortunes in line with the global financial crisis. That which we well know spanned early 2007 through 2009. And still not out of those proverbial woods. Still on shaky ground globally. Plenty of risk to go around as yet.
Putting things in perspective.
The big picture.
Everything in life being relative.
Baseless blanket statements being worthless.
Pike's involvement with SPNG being a world different than relative to QSGI/QSGIQ. No different than that of all of the faithful longs inclusive of Doug Furth and associates. Just a matter of magnitude.
The reasoning the same.
ROI.
Payday!
Interesting trading week ahead.
Staying tuned.
AI
