Positive PostI have wanted to make a positive post for weeks but it's been hard for many of us. I have often been critical (and right) and going forward I will countinue if NL is not living up to expectations.
However the purpose of this post in particular is to shed a little light on the situation based on my talk with IR and some market analysis. Focusing on only positives here...
First of all I want to make clarify that the position of the company is that they remain very bullish on the I.P long term. Regardless of other commentary, they claim that there is significant value in the patent portfolio and it's only a matter of time until they can substantialy take advnatage of it.
My second point is this. The guy they hired in IR is very competent and I really enjoyed our most recent exchange. I left feeling that the company is perhaps a bit more strategic and thoughtful then I had first thought as well as a bit more certain that this whole thing isn't apart of some scam to just lie and fleece investors. Which was also kind of nice.
I know that we all watch the shareprice and have seen it tumble down, down and down since the most recent dilution of shares. However, NL managment hasn't done anything particularly stupid since then and it's more of a reaction to things that happened before and not recent developments. I believe and predict that the current price is based on all the negatives (won't list them as this is meant to be a positive post) and we have moved into processing and will have revenue. Those two things alone will be enough of a catalyst to move us back to .30$ before the end of the year.
This is a results based buisness. We need the results. Financial results. Cash flow and strong balance sheets. If we can get that, then the long-term investors can get their money back and maybe even make a little for being SO PATIENT for SO LONG.