Hork Hork you seem to know Nick quite well. Have you ever worked at Sonomax? Or are you just another shareholder who has lost faith in Sonomax? I know I have . When I first invested in this company I believe they had 30 million shares. Now we have close to 15x that. No sales ,a grossly diluted stock and the same failing management.
The product that everyone thought was selling is obviously not the first quarter numbers tell the true story. The numbers never lie. The product is over priced and the market is not accepting the "disruptive technology" theory spewed by management. People should read the annual report to see the true story.
If anyone is going to the annual meeting would you please ask how a company that is basically broke still feels the need to lend money to management when the personal loans from years past have not been paid back?
I can guarantee you that the sales today were not a cross, but people finally realizing what is going on at Sonomax. The CES was a gross failure, just like all the other Sonomax marketing initiatives. But the good news is they can still give product away at festivals and other events. The day will come when you won't be able to give shh stock away just free eers. Do you really think if the product was that good and the market that huge some big company wouldn't have stepped up and financed SHH.? They cant see the value either.
I hope I am wrong but I don't think so. The days of a well timed rumor or a high level meeting with XYZ company or OEM moving the stock are long gone. Now the numbers tell the real story and it's quite scary. Good luck to everyone who thought this was a real business. Read the annual report. Once you get through the first few pages it's quite enlightening.