SPIN - I know you'll do an excelent job when the information is available. Would I be right in saying that some time back it was mentioned that Mr. Gartlan was not the healthy's guy around ? If that's true then the question would be, how long would he hold the CEO post, and who would replace him ?
Regarding your quote Spin, lets see what ‘anonymous’, an Innova employee thinks about those people’s comments!
You wrote: perhaps we should ask the former Coro employee who left recently (after less than 6 months), and according to that employee, there was "no room for growth." of course, more than a few people have left that company in the last 6 months or so, giving us more than a few to choose from.
Anonymous (Innova employee) wrote: This stock has enormous potential, in my opinion due to a couple of different factors. First, INRA's intellectual property alone is worth more than the current market capitalization; if this company was doing so poorly that it was forces to liquidate the company, an outside company would more than likely see it as an attractive M&A opportunity. Second, if the management is serious about protecting and licensing this intellectual property, we could see a significant rise in revenue, and profit potential. Third, the robotics industry is an immature marketplace, with immature technology. The fact that this company is out growing its intellectual property portfolio and trying to bring new technology in the fold is a prudent move. Fourth, for no other reason to hold this stock for long term was the acquisition of coroware. In fact, I bought into this stock after reading about Microsoft Robotics Studio, and Bill Gates article regarding robotics. I sought out public companies that were involved in robotics, and found coroware, which as we all know is a close partner with Microsoft. I am holding due to the potential of Coroware, because if I based my decision solely on the financial health of this company and their balance sheet I would have never bought. I too have lost money so far in this company. But I will also say that I just recently picked up another 10k shares at this bargain price.
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