TOOOOOOOMMMMMMMBuddy, up 50% today on massive volume!!!!
You could of sold your 500k shares and made40% pre tax profits!!!
I agree with you on the salary bleed of the officers being excessive, I also wish the CEO would of course have explained early on that it takes 3 years from introduction of product, to testing and then eventually placing products through sales penetration !
There are probably some other areas they could of preserved their working capital along the way as they knew it was going to be a much longer haul after the VR segment was over hyped and fell of a cliff for most of 2018!
The market is showing they are excited about the Tencent deal, but probably still cautious as the Company still has a lot of work to do!
Besides, they will never make it comfortable an investors or too easy for us to hold onto our shares as witnessed by this latest pull back over the last couple of months!
Its a game for those in control and the only chance as retail investors is to primarily buy and hold if there are no significant material changes to the fundamentals of the Company!!!
Okay, so the Silver Linings are :
1. They were smart enough to have shifted into the Data Center market about 2&1/2 years ago, if they didn’t they Company would already be burnt toast.
2. Once funding or whatever they are up to in regards to securing their immediate financial future is completed and announced, then they can return to focusing at becoming the dominant provider of these ACC Data Center interconnects !
3. This most recent announcement with Tencent in my opinion could be the most significant long term press release to date!
4. The company has the potential to secure at least 50% of the interconnect market over the next few years! ( my opinion)
5. VR, AR, Smart AR Glasees, VR 2 console with an announced partnership with Sony Corporation launching mid 2020 all improving and top line contributing segments!!
I would be surprised with all this activity they are allowed to wander the streets as an independent entity for very long and will probably be absorbed by a much larger entity wanting to gain control of this segment!
Of course this time next year, with sales revenue much higher than today and the continued market share gains would price this little guy at a multiple many times greater than todays anemic market cap!
I am still waiting to see what deal they have structured to secure the financing, hoping for the best here but wary as being a small shareholder subject to decisions outside our control...
Great NEWS today, here’s hoping this continues and we can all stRt to feel better about this punishing ridevwe have endured!,,
All the above my humble opinion
Fingers Crossed here for more Good news in a week or so!
GLTA