Sunday, August 21, 2005 12:09:35 PM
I don't care how you much you like it...if it ain't selling (producing revenue) It ain't gonna make it.
I'm an investor. I bought shares of this company at one price and I expected to make MONEY selling it in the future at a higher price. This has not happened.
That's the God's honest truth. Mario knows it he just can't say it because he's being compensated with OUR OWN money to tell us things are wonderful in SCMI land.
Lets face it, there has been a $28-30M price tag on the valuation of this company for about 4 years now. The difference is it's now being sliced 700 MILLION ways...instead of just 56 Million when I bought in five years ago.
If management cannot get the ball rolling and create substantial revenues ...soon. If we do not make break even status (as promised) you will see an investor exit from this issue at a rate which you cannot even fathom.
I would predict a share price of oh say more like .004 cents.
The completed merger, new money (investors) and increasing revenue to Break even cash flow MINIMUM is the only thing that will save this companies share price. Management has mis-led us all one too many times and the money that could be available to invest here just isn't coming in!
Smart money seems knows better at this point.IMHO
Irrespective of all the wonderful things that Mario has to say!
I love the MM5 CD technology- all my friends ages 30-50 hate it! It's not I-Pod compatible and has created a negative backlash amongst them for the fact that they cannot put it on thier I-pods. Now they just go directly to I-tunes and buy the music there.
Call me crazy...But I don't see any revenue for MMXT in that equation and Apple knows it!
JR
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