Tuesday, December 20, 2011 11:54:52 AM
This company was making close to $20 million a year before the CEO decided on a new business model. The CEO owns a boat load of this stock which was trading $1-$1.50 a share. Either the guy is a complete idiot or he is a very shrewd business man. The only thing I would trade my millions for is billions, and I think this is exactly what he is up to.
Intellectual property rights for software applications and cloud computing app's for ipads, pads, iphones, phones, tablets etc. to the emerging BRICS nations, if handled correctly, could be worth billions of dollars.
And, an interesting development, if they win the lawsuit against KPMG, not only will it recapitalize the business, it will put the cash on hand number higher than the market cap, so it will definitely raise the price of the stock.
If either work, the stock holders win.
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