REPOST : Why did the new COO join this Co. ?
Hi everyone. I have been an investor in this co. since the days of EWAN. Looking back 3-4 years it was foolish at the time to invest in EWAN. But the new mgmt over the past few years are a bunch of folks who seem honest, determined, very very smart and innovative to say the least. I say this just by observing how things have unfolded over the past two years.
The new COO has an impressive resume. I am sure he was earning a decent sum at his previous employment. I have no idea as to whether he was planning to leave his previous co. already or whether he jumped ship to join AKYI. In either case he must have seen something extremely promising in AKYI. He is smart enough to have seen the balance sheets which we all know are not attractive currently. He knows that this is a six man co. with him included. He knows the history of this enterprise. So not only did he see something in terms of potential products but I guess he also saw promising potential in the current mgmt. - potential enough to realize profits soon. Otherwise why would he want to risk having his decent income disrupted yearly at this stage in his career? He must have realized that benefit has to be much more than the risk to join this co. as opposed to being somewhere else.
The game chargers ( I own them also) although being good products are not going to make millions for this co. overnight because there are a lot of other products. It does seem like the iphone/blackberry chargers are in production currently. Just a few days back I read that between the iphone and the blackberry there a 50 million plus members. Within the past few months I read in our local newspaper that the all the city police officers are going to get a blackberry to stay uptodate and also for better communications. We know how much the President relies on his blackberry as do majority of the senators. I have seen a lot of professionals - MD's, bankers, newscasters etc., rely on their blackberries also. My wife owns one too. Now both the iphones and the b.berries suck up battery power so much so that if one were using it moderately you can end up using all your power within a few hours. I personally have the Google android phone and it is the same story. So I ended up purchasing an external charger(Motorola-purchased on Amazon) which attaches to my phone via the USB terminal and can charge my phone completely once only before it itself has to be recharged. During this time I can use my phone but it is definitely cumbersome. I use this charger when I do not have any wall outlets nearby.
From what I have read, the lithium powered iphone/blackberry cases by AKYI can hold charge for two and a half times. So for example if your phone is charged completely overnight by your wall supply, with a fully charged AKYI case you have a total of three and a half charges!!! You can have a busy day on your smart phone and not be worried. Imagine how attractive this is going to be for professionals - this would be on a lot of peoples necessity list. If the co. can get these in the shelves of Walmarts and Bestbuys in addition to ATT, Verizon, Tmobile phone shops we can easily capture 5-10% of the 50 million market. Even if the co. makes a net profit of $10.00 per case - the returns can be huge!
I am hoping that the new COO sees more in this co. than what is outlined above as that would only indicate even more potential. I have averaged down tremendously on this stock. After the announcement of the iphone cases followed by the hiring of the new COO I feel that stock will give a substantial return compared to todays values.
