RE: RE: new asset purchase deal - oct16 Highlander, I agree with you that a lot of people were burned and disappointed.
I think the old set of investors are now mostly gone or feel there's nothing to lose at this moment.
Fact is, new management is trying to do something out of the mess they are in. SND will own majority of the company proabbly after everything closed. So we have to look at the NDX and SND as 1. And look at the companies as 1. SND haven't had a lot of success with its streams, but there's no doubt they are trying to make it work. There's no question that SSL is a success, now that SSL is on autopilot, I hope more attention would be given to SND. SND really can't afford to not make this work. They already have couple streams that are dead and dying.
But I do understand many people got burned and what not. Hence, they are trying to change the name, ceo etc. Just overall change the image/perception of a failed company.
But again, nothing to lose at this moment for old/new investors. The company either can't close the financing and it's over (and maybe SND will do something even at that point, maybe not). Or the company closes its financing and roll the dice with the new ceo.
I guess we will wait and see. Having said that, at least they are "trying". The deal, the new diretor etc.
We will just have to all wait and see. High risk high return... or bust.