Wy to go team. Well another CES and NAMM show are in the books and no deals done. Typical Sonomax style. Great reviews lots of talk but no results. Share holders are left to sit and wonder how many free sets of headphones had to be given away this year at their expense. Sonomax management should be ashamed of their performance to date. No news on sales numbers or orders just "great meetings" with a lot of big name companies.
Every shareholder in this company should be asking themselves what they are missing in this thing? We have a product that does work. I have a set and although I do not use them often they do work well. Is it a manufacturing problem so there is no product to sell? If you look on their website you can preorder PCS-150 and PCS-250 but they will not ship until Mar.1 at the earliest. I thought the idea of self fit was instant fit not order and wait for over a month to get your product . Who is going to order the 100 and 200 models that are inferior to the 150 and 250 models?
Is it a management problem? Obviously there is a problem closing deals. We have waited for years for a deal that would benefit shareholders and it has not happened. Every company that Sonomax has ever dealt with has taken advantage of them and the deals have not resulted in shareholder value. The latest one was Skullcandy. We had an announcement that was very conveniently timed before the last annual meeting and still nothing. We were told they would be show casing Sonomax's technology at this years CES. NOPE. I believe that nothing has happened thus far, with the exception of misleading shareholders into believing we were finally going to see sales numbers resulting from a deal.
Is the product to expensive? I believe it is. I payed full price for mine, only because I wanted to see if it was for real. If it wasn't over priced they would be selling a lot more. I have only been able to confirm sales at one Source Store and was not impressed by what I heard.
Why does the stock not trade more? If there was all this iminent success about to happen the stock would be trading. The only thing is that most people are under water from where they purchased the majority of their stock. We have a 4 or 4.5 cent stock. Which will continue to drift lower with out any substrantal deals as people begin to tire from the lack lustre performance.
Why can the company not raise money? The company has cried wolf to many times. If it wasn't for the direstors of the company this thing would have been broke a long time ago. Be scared because the directors are not going to keep sinking money into this thing forever and if Sonomax can finally find a pigeon to finance them at these prices we will have massive dilution followed by a share consoldiation which will hit all of us in the pocket book.
I can go on for hours, as i have heard it all. The bottom line is we have been had. Things just don't add up. Something is drastically wrong either with the product, management, price or something that is not that apparent. Why can they not close a deal? If the product was so great these large tech companies would be crawling over each other to sign a deal. They are flush with cash and are looking for new products to make them money. The only thing this company has done is supply jobs for some residents of Quebec for the last 10 years. I hope for all our sakes I am wrong but until now Sonomax has only proven me right. Good luck to all who have sunk their money into this thing. It will take a miracle to right this ship.