Brian...nice message the other day. Unfortunately for us the damage has already been done on a catastrophic level. 15 cents ?....never did I imagine we would be at gumball prices again unless of course the patents were invalidated. Yet here we are with valid patents yet poor (maybe even cronyistic) leadership that proves time and time again that they do not belong on any company board.
IMO what really sunk us after the debacle in Texas is the ridiculous decision to go along with an M/A using equity from our authorized but not yet outstanding shares. I'm just stunned that we would dilute ourselves by 25-30% for the paltry $18-$20M that it would generate in funds for M/A. Do they even take the time to think about the effects of that decision? Let me get this straight.... they have been talking M/A even before our first license agreement meaning that there was a "plan"...sorry ...there was "talk" to either purchase or merge with a company. So what do our bright leaders do?....empty the treasury in the form of dividends only to go back and decide to use 15 cent shares for M/A at the expense of shareholders. We didn’t know these were one-time payments but they did and still made the foolish decisions that put us were we are today.
These guys have been and continue to be a complete joke. Why some here on this message board cant see this is a total mystery to me.
I've tried to stay away from posting but when some continue to defend the idiots on our board I just had to post.
By the way the posts exposing our BOD lack of any common business sense are far more on topic and belong on this board more so than all the other noise.
Carry on....