RE: mc150000
MC:
I completely agree with Strat... there is no way in hell that you could buy control of PLI anywhere near current market prices.
Second, MC.. I dont know why you keep saying people are going to buy the divisions cheaply and screw the parent co... How can that happend if the parent co is retaining the vast majority of the shares in the division ?
Third, Bay Street absolutely hates Pierre and hates PLI.. We have ZERO credibility... largely for good reason... and they have left in droves.
Pierre and his management team have done virtually everything wrong over the last 5 years...
They have overpromised, underdelivered...
Forged poor strategic partnerships....
grossly missed forecasts.... on and on and on and on....
and for that they have been punished and ostercized... their institutional ownership percentage is pathetic for a company in this stage....that is not in dispute.
However, Pierre has done a few key things right.... He is a true Technology visionary. The fundamental products he has come up with HAVE VALUE... World class value....he just simply hasnt been able to realize that value in the form of licenses, parnterships or consistent sales... he has always been too paranoid of giving too much away...
In my opinion, the negativity has swamped the underlying value.. I think I have now successfully beaten that to death... I just think a couple of shoes have to drop here and this whole situation can change... We are on the verge of a number of major catalysts that can substantially effect the market's perception and awareness of this company and its stock. At the very least.... we can expect a move in valuation from gross oversold negativity to mild positive expectations if they can deliver on a few things.... In my opinion.. that is a lot higher than MC's 40-45 cents... but we will see.