Long-term investors have every right to be ticked.
Dilution has really accelerated under current management. So much so that these small contracts that they're being awarded do little next to nothing to make up for all the extra shares that have flooded the market over the last few years. It's now critical that revenue accelerates so that it catches up with and justifies those extra shares. So far that hasn't happened, and may never happen. Who's to blame? Why current management, of course.
All the talk about the company planning to hire 100 production workers to spit out a large quantity of BiBs each week seems like a far in the future pipe dream. Because, while at the same time there is talk about hiring all these workers, there is talk about the DoD trend of awarding smaller contracts in lieu of large ones. How are they going to keep 100 workers busy if all they have to produce in a month is two, three or four BiBs? There is no clear evidence yet that the company will be anything more than a dominate player in a very tiny LTA market that's barely a blip on the DoD's budget radar.
These new investors to WSGI, while certainly welcome, aren't feeling the pain us long-term investors have, and continue to, endure. I don't fault them. They got in at a low price and a .001 movement in price is a good gain for them. No, I fault management. They've thrown long-term investors under the bus.
