RE:RE:RE:20 Cents the high so far this year I confess to being very surprised at the total lack of response from those 1200 shareholders. I would have thought that a handful at very least would take away the significance of the EPO's entry. Guess not. This also points to just how "retail" the retail investors are here. 60.5mm shares spread over 1200 shareholders equates to 50,000 shares per holding on average. As the handful of investors that I communicate have many times that amount (for the most part) then there's the large holders that are not as obvious... This means that there are a substantail number within those 1200 that have 5 - 10,000 shares and pay no attention whatsoever to how this plays out.
Other 'fresh' investors with coin seeking a position would steer clear here as they cannot build a good sized holding as large blocks rarely surface therefore if one wanted say, a .05 - 1% position, just how to you get it? Hard to build with a 40k here and and a 10k there. This leave us high risk sorts... and it looks like we have had our fill. When JCP delivers a deal a whole new type of shareholder arrives... one that can read Income Statement/Balance Sheets. Those will pluck the shares off the very large portion within the 1200 that will think .30 - .40 is heaven sent (I can't blame them lol)
I repeat from previous posts, there WAS really nothing for management to communicate about before the EPO came through. Was management supposed to spend all sorts of finite, promotional money to advertise a pant sale when they only possessed pants with one leg? All that gnashing of teeth about the lack of management speak was silly; there would have been three years of blah blah blah as it is all about those EPO/USPTO patent - we would have been no further ahead as the venture is built on momentum and action and where idle talk is especially held as suspect. Now mgmt has something to talk about and should be held accountable for future communication, but not DAYS after patent Intent to Grant. That moan is also for the silly column.
GLTL
Munger wrote: More surprising than the stalled share price was the lack or should I say no longs backing up the truck. So many posts about disruptive technology and how no way this will be cheap when the EPO comes through. And yet no longs other than myself believed in buying shares. The 1200 longs easily coildnof bumped this over 20 but now with the stock de risked they have taken their ball and gone home