Sunday, August 26, 2012 10:53:29 PM
Prior to the CE being placed, the stock was in a steady downward spiral even before the big plunge. The last few PR's were far from earth shattering or even interesting. In fact I think the death knell was the loss of the partnership with the seismograph technology company that was going to provide the supports for the buildings. Hardly any mention of that news when it was released.
Personally I think the company is trying to sell an idea rather than a technology. It should be painfully obvious now as well that the kitty litter is not sweeping the market and revolutionizing the kitty bin.
As to the Dual Zorb products, the only notable mention was the container sale to Kuwait which was never even followed up on. Surely there had to have been other opportunities? The reason I bring this up is to remind everyone this is not a new company, they have been around for a while and rather than building relationships it seems their relationships are disolving.
They made brief mention of POS people being hired into certain regions, I looked over the financial statements that were just realeased and I con't see where the company has money to pay a staff? Speaking of financial statements, if they are not willing to stay current for the benefit of thir shareholders then what business is this company really in? Should shareholder be 1 year behind on the business's financials? Only if they suck.
I hold a significant position (well what was once considered a significant poistion), so I certainly feel right at home expressing myself. I do hope for a turn around, but I just don't see the company making headlines in the mainstream media...without that does anyone really think this is suddenly going to move back to .14? Seriously?
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