Value Microcaps Motherboard

[southacresdave]

Timhyma..TELT.."did I ever talk with them?"......I bitch at them too much to get any meaningful response anymore :0) I couldn't resist mocking the CEO awhile ago that he went from a millionaire earlier this year to now where the stock price couldn't buy him a pack of bubble gum.

For what it is worth, they have started to get paid for the $7M e-rate contract they received in February. (Last Friday it was reported on the government site that they received their first distribution payment for work performed). At least we know then that they really did receive the $7M + $3M contracts with NY board of Ed---through the erate program---not that management could announce such a thing. They prefer to release pr's about how they are the 353rd largest IT solution provider in the country.

Actually, the only person in management I want to talk to is the new hire, Christopher Doyle. I want to know why he left Panasonic to come to TELT (a $19B company and a guaranteed future to go to a $3M company). A lot of the future (for diversification) is aimed at him and I would love to know what he thinks he can do with his connections in the industry. When at Panasonic (he was Product Manager) they became #1 in the industry market share wise in the U.S. http://www2.panasonic.com/webapp/wcs/stores/servlet/prModelDetail?storeId=11301&catalogId=13251&itemId=411078&modelNo=Content05122010011731491&surfModel=Content05122010011731491

They did change one of their divisions from "ISM management" to a more focused approach of "Alarms and Performance Management"---aimed at protecting your networks--- last week.

As for 2nd Q numbers.....I'm figuring management will hide behind closed doors and just release the info in a 10Q. Am I a buyer at these prices? No way. Management has shown me that they are incompetent until proven otherwise. However......if they ever can diversify and get a more consistent revenue stream, they have cut overhead down so much that they could become extremely profitable.