Copy and Pasted From Yahoo’s bullboard .
Lets deal in reality. We can sit here and say how discounted the pps is until the cows come home. BUT NOBODY IS LISTENING. and the price continues to drift lower. Institutions know how to make money and they can smell a bargain when they see one. Nobody wants to come within 10ft of this pig.
Edward was brought aboard to get us a seat at the table. To get Meni an audience. To introduce the company to new contacts. He did that. Meni shot his shot. AND THE MARKET HAS GIVEN HIM A DOUBLE SIDED MIDDLE FINGER. And we are all suffering for it.
I have said this before, but if Edward does not get us financing where is this company now? No bought deal happens at market value. If we were lucky to get financing it would probably be for 14-15 cents US. We literally would be on the verge of bankruptcy without that bought deal. We went from the CEO telling us he had no intention of using it to it being an ABSOLUTE NECESSITY.
I don't want to see this stock swirl the drain. I hate the fact that we are where we are. I have given up a lot of time and money demanding answers and wanting them to show us results. At some point we have to deal in reality. The share price is reality. The lack of institutional investors is reality. The lack of coverage by analysts is reality. The lack of revs in Q1 (which encompasses the lack of products the shenanigans with Choklat and Ignite) HURT US BEYOND BELIEF and still to this day Meni Morim has't said a single word to address it.
Meni keeps saying trust me and then its one failure after the next. And even if he isn't failing---lets give him credit for moving the ball forward---the market is not the least bit impressed by it because the numbers still stink.
If it is isn't painfully obvious at this point, this company needs a new CEO. Not saying Meni should no longer have a role--only that we need a new figure head to lead this company. Even more so then the name change which they are waiting until September or October to unveil (which tells me this baby isn't turning around until that time at the soonest in management's eyes) we need a new CEO.
I like Meni. I think he has worked hard. But he, of all people, needs to step aside and let fresh blood run this show. He stands to gain the most money and right now he continues to cost all a lot of money.
If the board isn't evaluating this scenario then I don't what exactly they do. The writing is on the wall. Meni has lost the market. Completely and totally lost the market. The board needs to step up and earn their money now.