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Myth

04/05/07 11:32 AM

#4028 RE: Myth #4026

Not to beat a dead horse, but the reason I think the sp continues to fall ( even with good news and more on the way ) is the underlying fear that sivc will go private ( which takes us back to why no reinstatement ) BG alluded to this a while back. They have to address where they are going and soon. Otherwise we'll all be moving on whether we want to or not. gl
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scoobey-do

04/05/07 11:48 AM

#4029 RE: Myth #4026

mythbuster, I understand where you are coming from. Most of us are here for the same reason you are, because we would lose too much if we sold and there is always the possibility that Jim Bickel can pull this company through to a successful ending.

I am trying to point out the positive movements that are being made. Since we are not going sell and go elsewhere, what is the use of cutting down the company we are invested in?

One positive item that we can look at is, as snow pointed out, Redwood's investment company FSIN is trading over $10 currently, from $5 at the end of December 2006. Will it hold? We don't know.

S3 only announced one Redwood client in a PR, but in his tele-conference, Jim Bickel indicated that Redwood currently has two clients under contract.

I tried to call Matt Boles today to ask about the second Redwood client but he was out of the office due to a personal reason.

Best regards, scoob



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Sloth97

04/05/07 1:40 PM

#4033 RE: Myth #4026

I don't think anyone here that posts and is long on S3 has "undyingt faith". Sure, some are more optimistic than others but I think everyone sees S3's faults and shortcomings. To tell you the truth, every small company that I am currently invested is having the same problems with lack of transparency, CEO decision making, share structure and investor value. I'm really not sure if these small companies can really shake these things until they become established, successful companies. You can always doubt them without much effort. The negatives seem to be blatantly obvious and the positives and drowning in them. The pps always seems to suffer in these companies and I believe that naked short selling is rampant on many of them. I would love to see if and how much short selling is occurring with S3. I know that buyins.net has that info but you need to subscribe. I think the R/S could of acted as a flare to attract these short sellers to S3. I sure hope S3 is not among one of those companies.
If S3 continues to grow their business and generates revenue then eventually investors are bound to be attracted. I do wish S3 had the ability to promote their stock with any kind of effectiveness but that has yet to be seen.
I don't think S3 will reinstate until they generate more revenue due to the expense to be SOX (Sarbane/Oxley) compliant.
I am hoping that by years end that we get a flood on new investors attracted to S3 due to evidence that it is an hugely undervalued growth stock with tons of future potential. I hope for many other things but if the bottom line is good then investors will follow even without great promotion.

We are all hopeful but not so far as to hold undying faith,

Luck to everyone investing,

Sloth