kingfisher1964, great post! I agree 100% -- most notably on the issues of issues changing hands and the reputation of management. Since the Socius deal was announced, the stock has mainly traded sideways or spiraled down. With this much money involved, institutional ownership changing hands, and new management seeking liquidable capital to leverage a new company direction, it's expected that the pps would make this movement in the lull between a great Qtr and the absence of news preceding the next qtr's results. That's why I agree that this is a time for the larger players to position themselves in the stock.
As for management’s reputation, why would several highly regarded and very successful execs take over a company with no future? Why would they, within their first year, work diligently to sign agreements with other major public and private companies in their respective fields, to seek and get sales and operational authorization from the most difficult state environmental agency, and to seek and get major financing. It's ridiculous to assume that they did all of this work for any reason other than to make the company extremely profitable and eventually increase the pps for shareholders, investors, and management alike.
For a company of this size and magnitude, this was a great amount of work. Time will only tell if it will pay off; however, I think it will. Assuming a continued 10-25% increase in profits and revenue, quarter after quarter, which I completely believe is possible and will occur, I also see a pps of $1.25 by Christmas 2010.
AI
