After listening to the CC I wanted to share some thoughts from a newbee...
Long term investors seem burned out by the past. As a new investor, I have not experienced the past sins first hand and only have this CC as my first introduction to RP, Jason et al.
I have read of past over-optimism and PRs that disclosed nothing more than forward looking statements that have not been realized.
As such, just wanted to try and state that as a new shareholder IMO it was not as bad as some have posted (on the IV board)
I think we have all dealt with start up companies trying to get their feet wet with government contracts and the lengthy time frames the process takes. And that doesn't take into account budgetary problems that have come about due to our efforts in Iraq.
I also think RP should be cut some slack as this call was a "business update" call and not a CC based on a qtrly filing yet many have stated that he should have had numbers to share. I think some have confused the intent of the CC
I am willing to give the company another quarter to come up with the goods. Maybe even 2 qtrs.
I suspect that the coming filing will not be great. I suspect some things are beyond the company's control and also suspect that the company may not be as well run as it could be.
But after having sold 80% of my 10/12/07 purchase @ $ 1.80 and now holding 20% in free shares or booking a 26% gain in 3 weeks depending on how you look at it, I am in a position to be more patient than some who may have purchased and held.
I am now of the mind that there will be a rather hard sell off. My only concern now is whether to consider buying back in should it reach a new 52 lo over the coming days. That decision will be based not on forward looking statements but rather on the meat of the SEC filing which I will take the time to read in depth. IMO they will be hard pressed to "snow" the investing public in that forum.
IMO I think, should it reach $1.20 range, then even with poor company performance, it should return a 50% or more return over the next 12 months or less. The key (again IMO) is not holding longer than one should.... booking the profit(s) and then understanding that this is just a story stock and that making money is the name of the game. It has unrealized potential and with stocks such as this it is that potential that one should trade and not the past sins of management.
I, for one, am willing to cut them some slack and continue to hold my current position for the time being.
Heck, in 6 months I may be pulling my hair out along with some of the long (LONG) terms holders but that won't be because I chose to trust management and their forward looking thoughts on the business lol ... it will be due to my falling love with a stock and not booking profits.
Or so sez I lol
GLTA
kp
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