GREY:WSCEE - Post by User
Comment by
cerebuson Jun 07, 2005 10:25am
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Post# 9126432
RE: Anyone heard anything?
RE: Anyone heard anything?I talked to the Company yesterday.
From my conversation I get the feeling that the drop in price is a result of the screw up with the IR firm hired, lack of news and slower than expected sales. The team is still upbeat on the Company and is expecting sales to pick up through June and the rest of the year. They believe that Ellycrack is going to be huge and are continuing to explore new technology acquistions. They are also looking to hire on an internal IR person that will be more qualified to deal with promoting the story. They do admit they dropped the ball with Investor's Relations but are not too concerned as they are fully funded and expect to be cash flow positive before the end of the year and are making progress on the Ellycrack pilot project - I believe they are done the design phase.
At this point I personally still like the story and am not too surprised that things have not progressed quicker - typical. Everyone will have to make their own decision whether to hang tight or get out.