as holders will know this is a company on slippery ground . though it is a credit that it has avoided bankruptcy , due mainly to the efforts of an individual no longer with it !
nevertheless i have been concerned for some time about reports of continued infighting and lack of concentrated purpose among members of the board and major shareholders , even after recent changes to the board.
also i note there are incorrect and dysfunctional email addresses shown on its website ( for over a year now ) . on one, mail is returned undeliverable and on the other messages have gone to parties they were not supposed to and on another no one can be bothered to reply .
anomolies like this ought not occur in a well run outfit and give credence to suggestions that the company's management is still in poor hands .
the client with which maxis recently renewed its contract may also have noticed such slackness. could this be why they have had included a three month ' exit ' provision in the new contract
it would seem timely for the company to provide holders with information on what the prospects are for restoring shareholder value and some kind of timeline for this ! ! , particularly of any acquisitions it might have in mind to secure a revenue stream in case the above contract collapses .
until it does this remains a highly speculative stock
