(Total Views: 499)
Posted On: 06/10/2019 10:28:33 AM
Post# of 15624
I can only give my personal opinion. From my understanding Discovery cashed in all their chips and are holding a little under 300 million shares. It is lousy but that's the fact and we must move on with that. The upside is that we know what Discovery is holding and it would seem they took advantage of the low price in order to get a huge amount of shares which I think obviously they want to sell into a run. Any news of alternate funding that is coming into o w would be a positive, depending on the terms, and that coupled with any sort of positive news that gives a glimpse into the future and possible revenues would certainly move the PPS. Unfortunately the PPS will be met with not only selling by Discovery but by many who are averaged down and will be probably selling anywhere between $0.07 and 10 cents as far as I'm concerned. If not for discovery this would obviously Skyrocket back towards a dollar because it has done so before but the float was 134 million and there was nothing standing in its way. Now we have a lot of sellers looking to make their money back and then letting free shares ride. This company must instill confidence in the investors and anybody coming in to invest. Patent would be nice, positive results from the tablet would be nice, but management must prove that they can take this to the next level. Personally if there were seasoned businessman running this company this picture would look way different. Management is definitely not business savvy. They have nice credentials and it looks good on their website but bottom line is that they dropped the ball many times and although they needed to take the loan from Discovery the terms were absolutely horrendous. If they could not find $5000000 outside of discovery then one must scratch their head and wonder how many of their own leads and avenues they cut. When Howard made his trip one of management told him that some wealthy fellow was an sob. Meanwhile the SOB has his money and o w is suffering because simply put perhaps they can't get along with other business minded people. So this company definitely has a future but it depends on certain things to come to fruition, just like any other company, but even more so because they put their own roadblocks in front of them.
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