...ok I've said that I won't be back until we are at $4.00...hopefully only a few weeks to go now ...how is that for the cup is half-full ..or is it a pipe-dream?
Facts are (please feel free to add):
They have managed to convince a lot of people to hand over $103M to date;
They have only spent circa 30% ($34M) of that money to date- they can probably still use say $30M for a share repurchase...and cancel 50% of the outstanding shares;
None of the 'big contracts' have materialized any recurring revenue yet as they are ostensibly still busy 'developing ' the final product;
They still have negligible revenues while paying themselves over $1M compensation (bonus included). That is while being aware that they are currently under investigation and will face court in the very near future- ergo, they are either incredibly stupid or there may be another narrative;
There are still a few disgruntled shareholders that are currently suing them mainly because they were unable to fathom the concepts of venture capital & NDA's- these folks would hopefully be educated soon.
So, I would love to know how positive/ delusional/ jaded other people are out there? Let's say...roll forward 12 months...are Joel & Ben going to be charged for fraudulent misrepresentation, racketeering (with the stock trading in the US) etc. or are the naysayers going to have serious regrets...
GSW Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held