that is a great assessment xray.
This is a company that makes store displays and cabinets. Not much flash there. It isnt something that has a pending approval for a cancer drug, it isnt researching a new from of energy.
It is hard to create the kind of interest level that was created by EXPH about those products. This stock climbed to the level it did because of the unknown. There was wild speculation about what the game changing product could be and what kind of income it could bring.
There were bold predictions made about the numbers this company was going to do in 2009 sans the new product. There were claims of a 10,000 unit order with a major company.
Well that was a while ago. The reality has sunk in. The hype and excitement is gone because people now know that the product that was formerly unknown is just a cabinet. They realize it doesnt even look finalized and it really isnt being marketed. The major firm that was brought in to help market it doesnt seem to truly be a part of anything.
The dollar claims are looking more and more unrealistic as people get a further look at the filings.
People throw around talk about how bad the economy is and that it hit hard even in the first half of this year and thats why the revenues are down for first half of the year. But people are supposed to believe that this company will do more in the second half of 2009 with this bad economy than they have done for any single complete year?
So what will it take? Proof. Absolute positive proof. No pinky tricks. No crafty non committal wordings. No forward looking hopes and dreams. It needs numbers, names, dates, amounts, etc etc.
That's where it stands.
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