Ok full disclosure - I haven't sold any nor I intend to any time soon...As Winston Churchill once said, "I'd have made nothing if I had not made mistakes ungrateful country."
If you are expecting beer and skittles every time (quarter), you are in the wrong game. To be running around now like Chicken Little saying "the sky is falling' and trying to 'blame' someone in management, is in my opinion the wrong reaction.
Solid progress continues to be made month by month, and I have no doubt that our management continues to make excellent choices to progress our company. Will there be some mistakes made? Well of course there will be. The only way to avoid making some mistakes is to do nothing ... but of course that would be an even bigger mistake!
Chill people it WILL happen. Patience is wisdom, and wisdom will lead to success. This company has too much going for it, including a switched on and active management team. They certainly have my full confidence, but I can't say the same for the Chicken Littles out there.
GLTAH
Deena
But I still think management should do better, for example, this quarterly statement didnt have to cause this dramatic impact on the share price.
As the "expected" revenue was not reflected in the cashflow statement, they could've added a sentence explaining that the expected cash inflow will happen in the next quarter or so especially given annual statement stated that they will be paid in 30 - 90 days (if I recall correctly). But instead, they blamed economic downturn and no further explanation was given.
I still do believe in the product but I really expected much more... I know we have signed contracts with MegaChips and Renesas, but they happened a while ago. People will say oh we are still on early stages of commercialising, but I disagree we had commercial products for years but we failed to market/sell the product. Best product doesnt mean it will be successful.
All IMO