InvestorsHub Logo
icon url

Catch_22

12/28/16 1:41 PM

#4529 RE: hoyowasobo #4528

Well for starters:
1. No revenue
2. Toxic convertible debt
3. Lots of recent dilution
4. Constant disappointment over a deal (or lack of) with a Chinese company
5. A major RS over the summer and then the threat of another last month. Fortunately it was voted down by shareholders this time.

The company is in a turnaround effort however with a CEO that is more marketing and branding driven so hopefully the trend of the company being left behind in the dust vs its competitors will change.

The stocks recent decline is due to the Chinese company's chairman supposed to have been coming to visit in the USA on 1/9/17. However days after that announcement it was announced that he won't be coming until February now because he is having difficulty in the visa process out of china. Speculation (and hope) is that the in person meeting is for a buyout because there is already a deal that was worked out two months ago for utilIzing the technology in china.