Because management is essential a turd.
When the CEO indicates during several interviews last year that they do all programming in-house and the financial statements, that he signed, indicate the opposite, well that tell you a lot about his character.
The the CIO indicates one thing and then within a matter of two months they change business models, that should have been my clue to sell and move on. Yet I was up 60%. Then the fall came and averaging down did not help with JDM's dilution machine in play.
My opinion is low of both senior management... that is just one of the reason why I am so negative on PVSP.
But, let see... the PPS and failure to increase revenues is not management's fault. Right? The failure to increase revenues while having the andriod app, the bucket list, Pay and Go are not their fault either.
But, hay, pump it up for me so I can sell this POS and my break even point - 2 cents. I would be happy then. In the mean time, when management puts our BS PRs and posters do not even read the financial statements, yet they deserve to loss their money, just like me. I was all tied up in the hype. Even asked IT friends before investing, which did not help.
Thus, you go party on with PVSP. Tell me when you make your million on this stock. I will be very surprised if anyone does. If that happens I will eat crow. But right now, I have been more correct than most posters here. "hmmmmmm I wonder why?"
I have seem most of the cards now that PVSP has played over the last two years. Their game is obvious if you send time doing DD. The next financial statements will be interesting to say the least. That is what I am waiting for. The proof or vindication as to PVSP model will be in just how much revenues have increased and losses decreased.
If PVSP was doing well, one can imagine they would put out a meaningful PR addressing it. Yet, we have fluff PRs (except for the iOS approval) in recent months. JMO
