Decided to Drop in again: 52 Week low
Poor us...poor Cell-Loc.
I left this board hoping for a recovery, but not.
Some of the oldies have probably sold out in misery, but salvaged some. Why aren't they posting?
For those remaining, its do or die. Zero or millions! What a gamble. This is not what I call investing. Hope I did not offend you this time Investlong. (You somehow take things too seriously.) If it makes you feel any better, I have 4000 shares at 11.24. Do the math and you see I have to love this baby.
Now should we trade out of this, or let things be? Engineer Supreme seems to have his pockets full. He should give us all a lesson or two? A recession is felt in tech...there's no argument here. No bites for CLQ technology.
Brazil deal is supposed to come out. When? US 40 million deal still held us by OSC scrutiny, but should pull through.
CLQ has targeted Beacon license as fastest way out of jam, with now 1.2 million dollar burn rate rather than 1.5 million...a good improvement. But economy sucks, and no Rogers AT&T, Telus etc will get involved in economic slowdown, sudden down turn. Everyone is trying to save their own butt. MF's credit facility is still intact, a positive. Brazil deal going, a positive. (Asset tract deal good also although not substantial.)
Everyone criticizes MF. At this point, I think us heavy longs have to give him credit for not leaving the company stranded, "taking the money and running" securing his family and friends only. Look at 360 networks, and it's easy to suspect a scam when a private family increases their wealth 10000 fold, and wouldn't pay off a relatively meager loan, instead declaring bankruptcy to the public. Will this happen with CLQ? It hasn't although the market suspects it heavily, and the press has accused repeatedly. MF has some integrity, I got to say. Despite his possible shortcomings, you got to respect him for holding in and not giving into the economic onslaught and rejection of our humble company. His school boy mentality of ethics, being a university professor, probably saved us longs the grief of bankruptcy for now. How strong can one man be? We shouldn't have to answer that...instead, we should be targeting who would make use of the Beacon as soon as possible for large contract revenues. It remains booom or buuussst.
I repeat...MF should hire externally expertise to do this job. I think he can do it with expert consultant help in addition to Krypan. Alone, that school boy mentality would do him no good. Delegation is the key to success. How long would it take MF to realize this and accept responsibility.