GREY:SXHHF - Post by User
Comment by
bigdog37on Apr 28, 2011 6:52pm
467 Views
Post# 18503556
RE: inside trades
RE: inside trades This is quite a coincidence, 1500% is the same number that Barry Schwartz used to reference what the increase in revenue would be YoY in a conference call several years ago (I hope there is no connection). Of course I believe the increase was a negative number, but don't worry they had read a disclosure and forward looking statement so they were never held accountable for their gross miss calculation. Even though people actually went out and bought stock at the time on this information. I believe the price was at around
.30 at the time I may be mistaken, but I think WE shareholders are still paying his severence. Just another example of failure.
If you took a closer look at the insider trading, you would realize that certain directors have put money into this thing, but only because they had to, to keep the lights on. Sonomax has been bailed out more times than the town drunk. Nobody at the company seems to realize that there has to be more money coming in than going out. After 10 or 12 years $50 million, numerous broken promises, 300 million shares( and almost as many stories), and no sales things are starting to catch up to them.
Where are these great deals that were promised? Tik tok tik tok.... Do you really think that anyone with any business sense is running to jump into bed with Sonomax? I don't think so unless they are looking for more tax pools. Oh ya. We already sold them off at a huge discount. We were broke and had to pay the water bill.
It just goes on and on. There is a cloud of failure that follows this company everywhere they go. I am afraid things are going to get worse before they get better. Look for the share price to continue it's decline in the near future.
I wish I were wrong but thats how I see it. Think what you want.... But the share price doesn't lie. Sonomax is most likely over priced where it is now. GLTA.