RE: Fire sale at $0.07I've notice that Wing, Skyraven and Scanner all seem to have the same bad spelling/grammar and seem to all go on about the same foolishness. Are you all one and the same person?
Why no insider buying? Many of these insiders have been with the company for years now and have accumulated shares on the open market at much higher levels than you and I probably hold. That alone would give anyone incentive to bring up the s/p. Granted, it would be wise for them to average down while the price is this low, but they are people like the rest of us who would use their personal income to purchase shares...they have families and bills and budgets just like the rest of us. Also, they have taken wage freezes and income cuts in the last year. That in of itself shows some support for the company. Wouldn't you think? How would
you like to take a wage cut?
And yes, the 4th quarter and ytd revenues are substantially lower than the comparatives, but their gross margin has IMPROVED by about 5%. They have
substantially reduced their operating expenses! They are on pretty solid ground at this point and all in all a much better company than they were a year ago. It is way too soon to make any call about the success or failure of Destinator. Anyone with eyes and a brain in their head can see it is an outstanding product and compares favorably to the best of them. Also, not to forget that they have other pies cooking in the oven...Destinator in North America isn't their
only gig.
Dollarfigure pointed out Sprotts holding in Intrinsyc which is fascinating and something I previously didn't know. Maybe some would be interested in this article about Sprott posted by RedMars:
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=101348
I especially liked the last 2 paragraphs in the article where it says: 'Meanwhile, Mr. Sprott sticks to what he likes most:
"We're in the business of stealing investing opportunities from people who haven't cottoned on to what's happening."
In other words, being too early is better than being too late.'
Finally, have you noticed the bids and asks? Have you noticed the volume? I personally think that if
everyone thought this was a losing proposition, on volume like that this ship would have completely sunk by now. Obviously there are many who are still betting this horse will be a winner.
And thats JMTCW! Have a great Easter weekend everyone.