Okay.. I have read this board for a while.. have been in the stock from the lows.. and got a bunch of people in.. most bailed on the run.. I was away at Westerns with my daughter..missed the bus leaving town.. and beleived this had more staying power..
I do have some comments and questions..
Seems to me.. that insiders hold about 10%.. no other major holders.. so that means lots of little holders who typically do nothing with their shares until they get so pissed off they sell just to get rid of the pos..
in the last run.. Joe Martin sold into it.. and he has been a seller for quite a while.. now if I was running a co that had good promise.. If I had a significant shareholder..who wanted out.. I would try to arrange a cross to more stable hands.. instead of watching some guy sell into any buying interest that came along like a slow painful death..
So CEO job 1.. clean up insiders that are nothing but dead weight.. whoever was buying from National Bank.. why not arrange to cross them Joe's stock at a set position.. Joe is a liability..
and stop giving your selves cheap options when no perf for shareholders... make options based on perf...
For shares to appreciate in CDN markets.. you need.. a good story.. some promotion... and a good stream of news..
you have a good story.. but zip for promo.. bring in some new directors.. with some good ties.. load them with options.. stop giving them to the same ole people who ahve done jack..news stream on this deal.. is almost non-existent.. Hell I have tried to call the co a couple of times. and no one returns the call.. as only voicemail... maybe hire some IR company..
news on the lawsuit.. well.. I can see why not released as news.. because it never was released into the market as news to begin with.. this bullboard has more information than is released to the public,,, and that is more than odd... Tiger and Rick seem to have a great vested interest.. Tiger is more of a collector.. Rick on the other hand seems to write lots to incite buying.. I have asked before.. even privatley.. Rick.. what is the nature of your interest and your background.. how do you know so much..
as far as a Big board listing goes.. it will do next to nothing for the stock.. does anyone really think that a senior listing is gonna change the facts.. or that some fund will say ... ohh... look at ANC.. lets the crap out of this.. a penny stock is a penny stock.. the senior listing will come as a result of an improvement in the stock not as a means to improve it..
The FS have improved and consider that the USD negative effects and we still see growth.. and the loss of partners sales.. so again there is a good story beneath this deal..
but cut away the crap.. yes Eric maybe you need to bring in a new pres.. someone else who knows how the markets work.. you can do the management of the software development...
there is obviously a pipeline close to this deal.. for all this info to get to this board.. that in itself is odd.. that much info shows up here.. the company needs to be the info source..
so in summary... Eric... you need to hire a seasoned CDN market guy to look after the stock.. you look after the company..get some deals done.. you cannot do both..
get Joe out of his stock..
Hire an IR firm..
you do have a good deal here..
some more questions.. how many shareholders of record is there?
who owns the remaining preferred shares.. can they be converted to stock with no payment..
You know this is not Rocket Science.. sometimes tech guy CEO let their arrogance get in their way.. you need to remember that at the end of the day.. it is about money.. not pride..