Yaacov seriously diluted while insisting the company
had no debts. He also insists there will be no R/S on his watch. This entire problem has been engineered by Yaacov with no evidence to suggest otherwise. Some companies are quite happy to spoon off the profits and leave the share price alone. Well why not these are hard times the perfect gig wouldn't you say. You don't see Yaacov becoming any skinnier in those latest pictures do you?
I have no hard fast evidence Yaacov really wants the share price to go up. Procrastination after procrastination and broken promises enough to make a soothsayer blush. The same lofty projections repeated annually. The same empty predictions of profitability just around the corner year after year, patent after patent, contract after contract, product after product.
Hey I can't blame him nice work if you can get it. Travel the globe, chum with your police colleagues the world over. If your the CEO what's there not to like here? It's a retirement job many would give their right arm for.
The R/S will definitely come I think. Simply not until he leaves, so technically he keeps his promise, ownership after all is 9/10ths of the law. He is not getting any younger and there are no plans or profits that indicate a forward split can lower the A/S. No evidence he is about to retire any shares soon either.
I think he is making the best of a good thing until he needs to retire for health reasons like we all will at one stage or another. Oh yes absolutely the intent is there to better the world, streamline the justice system and all that pie eyed potential that goes with it. Just not the results and I have no indications (trust me I'm looking) things will change.
Disappointment gentlemen is a cavernous understatement but that is the reality as I see it. Convince me differently, truth be told I'd be delighted if you did.
All the best here guys... Rich.
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