From the cautious camp/silent majority -
posted on
Mar 15, 2007 09:39AM
I can easily understand why there is a lot of caution relating to this stock. I'm "all in" with this stock but I'm not experiencing a warm and fuzzy feeling as many others have expressed. The reason for my caution and ominous feeling is simple: "Share Price" As they say, "share price is everything". This stock was over $1.00 for a good portion of 06. Everything that was "supposed" to happen with the share price didn't.
I originally invested in 06 with some friends who work in IT. They have long since bailed and have no intention trying again no matter what the pending news is. I think their attitude regarding this stock reflects most investors attitude familiar with this stock - "once burned".
Many here are blaming the share price drop and stagnation on the warrant conversion theory. We will find out if there is any truth to this theory when the 10Q is issued.
I also believe that the J2 +1 will settle before the Markman. If the word on the street is that they are a huge underdog, I would think they have too much to risk not settling before the Markman. I just hope the SP finally reacts to this good news.
Not much helpful info - I know - Just thought I'd try and explain why investors have turned their backs or are currently on the sideline.
GLTA