Monday, June 04, 2012 12:15:51 AM
I have once again been proven wrong. Trading is still nominal and still trending downward, not the volatility I expected after the latest news. I accept that.
The owners have made poor financial decisions at every turn. They pay themselves salaries that are apparently acceptable but not munificent. My view was that they might appreciate some sort of a deal that would leave them comfortable while stockholders would regain some of the lost value. They might simply want to accept the reality of how they were not built to take the opportunity they had. The board is probably feuding as we speak.
There has been no real product launch. In the last six months the market has grown. They essentially have "only" the patents. The deal with Blu might have been made with their backs to the wall. I don't know.
I really don't know. I speculate and say so. I don't advise. But I would be happy to get half my money back. I don't think being in the black is foreseeable in the near future.
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