I have the utmost respect for Indy and his contributions to this board. I don't think he's tried to gloss over anything. IMO he's been the most realistic and sensible poster on this board. Plus, he's the one by far with the most useful information.
However, Pagan, I do share some of your sentiments about where the blame lies and how we need to stop making excuses for management. I've made it clear how much I detest it when management says they're going to do something and then either doesn't do it or doesn't do it in a timely manner. If they don't have the money or resources to do it, they shouldn't say they're going to do it. Simple, end of story -- no excuses.
The stock price is going nowhere as long as the company continues to report weak revenue. I would agree with Bearslayer that first quarter revenue will improve, but that's not saying much. The numbers will still be poor. Dilution is killing the share price, but given the revenue, does anyone really think this company is worth more than its market cap of $15 million? A lot of people probably don't think its even worth that much. Only a significant increase in revenue will increase the share price. Potential doesn't mean much anymore to investors. They want real numbers to hang their hats on.
The damage from dilution is overwhelmingly evident, though. That's why I've decided to vote my shares against the 250,000,000 increase in authorized shares. I'm not worried about them not getting enough votes to pass the measure. I'm sure it will pass easily. But ideally, I wish it passed only with a slight majority. If that happened, it would send management a strong message that shareholders are fed up with them constantly increasing and diluting shares. Maybe then they would finally rethink about doing business as usual.
AI
