That is the problem with you Uncle. Your view is not balanced. You look at things through you dung tinted glasses and then spew negativity. You don't have one good thing to post about Poynt and obviously you have ulterior motives. You need to get back to reality. I will repost an earlier message to the board (from me) and you will see how balanced (good and bad things said about Poynt).
tdotboy I understand your point and grasp what you are articulating. I will not dodge the point you make regarding the burn rate.
I was totally shocked when I reviewed the list of creditors. Many choice words came to mind describing both the CEO and the CFO. Many on the items on the list had me absolutely perplexed. I saw, what seemed to be, the squandering of shareholders money (that is how it appeared to me). It is only then I postulated that Yves Millette parted ways because of this (not a fact but only a guess). Gee! His reputation was at stake here. No one knows what really happened
I was particularly displeased (and that may be unreasonable of me) that AO knew what was going on and was indicating, in a positive and chipper tone via NR's and webinars, that "he could see land on the horizon". Well, this is the most idiotic version of Christopher Columbus I have seen. No land was in sight and sharks were in the water as far a I can tell.
On the other hand we must remember that AO is an insider and would be privy to information that is not available to the general public. That could indicate that there is something positive at work here. His crystal ball is better than my crystal ball!
I still have hope that AO is a person of noble character and that he would now put the interests of his shareholders on the front burner. If he does this (acting in a noble manner) things will be okay! That is the reason for my stance NOW! I trust that AO will do the right thing and not look after his personal interest. On this count I give him a vote of confidence.
Poynt now looks as if they are in the Twilight Zone. Lots of things are happening without explanation. To make this post easily readable I would use the point format for this list:
- The China launch is met with silence
- The progress with timesPoynt (India) is also met will sealed lips an it has been launched 315 days ago. What is particularly strange is that the 25K-30K average new daily users has been downgraded to 20K-25K average new daily users. How Twilitish I thought. India is added and the numbers dropped? I am certain that there is an explanation for this and we, as stakeholders, need to know.
- In an earlier NR or update (call it whatever you want) I got the opinion that we were getting some news about Gladios IP's progress (licensing agreement or notice of legal action). As another poster pointed out, there was no mention made of this in WiLan's Q2 financials for 2012. Now the house is beginning to get haunted as I am beginning to see phantoms, ghosts and shadows. But I am still bullish on Poynt
- Mobile coupons is a question mark at this time
Notwithstanding the above I have a positive outlook for Poynt. Maybe Andrew Osis is much smarter than we give him credit. Maybe the above is part of a master plan.
Maybe the last DIP lender has to be hidden for a reason. As an earlier poster stated it may be Mark Cuban or it could be Portland Holdings. Neither would want their involvement know at this time because the SP of Poynt could increase at such a rapid rate that it would spoil whatever deal they are currently negotiating.
tdotboy, paway and long investors, that is hand that I think I am holding. That is the reason why I am playing Poynt long.
Take care and have a good day everyone.