GREY:ISYRF - Post by User
Comment by
Orillia7on Sep 25, 2010 11:50pm
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Post# 17493356
RE: RE: Interesting Read
RE: RE: Interesting ReadThe company lost $100M under Derek and Glenda, why would anyone want them back? Was Intrinsyc profitable under Derek? Everyone that bought in at $1.20 was buying a crazy scheme that never had a chance of working, and that $1.20 is now worth $.04. Created value? How? Telling stories about how great things are going to be while losing money quarter after quarter, year after year, is not creating value. Things aren't good at Intrinsyc, but I prefer consecutive quarters of positive earnings and stable cash to the loss of millions $$$ every quarter. The only thing that Intrinsyc has been good at over the years is raising money from naive investors. The board? What have they ever done except collect fees for a couple of meetings? Do they even own stock in the company they direct? Aren't they the ones that decided to waste tens of millions on Soleus and Destinator? Sorry, the true value of Intrinsyc is about five or six cents, and bringing back spin doctors is not going to change anything. I don't think there are any investors left in Canada that haven't been burned by this company.