Well, most of us are looking for an update and we got one. Its the first of many to keep shareholder informed of what is happening at ANTS software. There are some exciting things such as the new reseller agreement in India and the past reseller agreement that might have been deployed which may or may not bring some form of revenue to ANTS. There are some not so exciting uopdates such as the lack of filings under Franks tenure. However, I do get the sense that Rik is not out here to paint a good picture. He tells it like it is. Like it or not, he tells the truth. Am I upset about that? You bet. But did he try to fix it. YES! That is all I can ask for. If you dont think that Rik is doing a good job then by all means...sell or short ANTS. Take a position either way. But if you think Rik is doing his best and that he trying to file the financials, arranging financing, and re-introducing the ACS technology to the world, then we might have a stock worth investing in.
If you cant handle uncertainties and would prefer the previous management style of painting pictures, then go and follow him at GTSM. I am sure you will get all kinds of GREAT news there. GLTY. I am more interested in seing this once great company that had a bright future but simply took some shortcuts that bit them and cause their demise. Joe tried to sell ANTS to IBM, Oracle, HP or whoever was interested. He needed a huge contract with a huge company such as SCE (southern california edison) unfortunately the ACS at the time was not capable of handling such a complex set of application and failed. With more than 70 employees in silicon valley, they must have been burning money fast. Without much needed funds and management missteps, they fell flat broke.
Like I said, ANTS is better managed, and better equipped now than before. They have a better chance to succeed today than back then. Place your bets and good luck to all.
GO ANTS
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