I still believe that.
The excitement has waned, due to mcfaddens refusal to update the shareholders. This has sucked the wind out of this stock. No buyers to speak of...All we have are clues, and guesses based upon assumption. The only real clue is the filing announcing he plans to sell 40m shares. Simple question is, if you were researching pbcw today for an investment, would you invest??? No. Hence the lack of interest. Elementary DD would preclude most from investing.
Still, his website's contact number goes to voicemail which goes unanswered and unreturned. I checked again yesterday. Believe me, his prospects will not accept this, its that simple. It took me a while to track someone down to discuss a business app, and I had to go through a client from his FB page to get a return call. Not a good business model for a start up. That's when customer service needs to be prime.
Logically, If he is smart, and I believe that to be the case, he will promo the hell out of the stock, with a major Announcement of some kind. This is the only way he benefits.
I feel good only because he is in the same boat his stockholders are..except his hand is on the rudder. That's either comforting or terrifying.
The good news, IMO, is the industry is a gold mine, however, he is not the only game in town. My research shows many many other firms just as capable with MUCH better customer service. In business when all things are equal, customer service wins.
So, yeah, mid July is what I believe, simply because that's when he can begin to sell the 40M shares.
I'm with Husker on this one...when he sells, I sell. Everyone in this forum is underwater, some more than Others. Brian, if you're monitoring this forum, consider this a formal request to update your stockholders ASAP. We deserve that.
In the meantime, we either hold with hope, or sell for a large loss.
My opinion only.
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