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No doubt another quarter winding down without meaningful shipments to LA....who knows about MT - Town Pump ("the order from hell")....Bingo play subsiding at existing accounts, etc....no doubt there is business right around the corner....big business opportunities just like Intl Bingo, California,Indian Gmg. & other territories and wireless were going to be....this is the worst "red zone" offense I have ever witnessed....always an opportunity never a score....the absolute worst guidance on Wall Street..."we feel better about the next six months to a year then ever before"...paranoia (the excuse not to have conference calls) - about what? - if they had good tech, products and services - they could make sales or venture partnerships....all kinds of personnel turnover for years profiled as upgrades but no real improvement in fundamentals....I can understand the lack of credibility with investors...
Here's the quote from the 2007 annual letter to shareholders from Fedor & Meilstrup...."By laying this foundation [ie, obtaining reg. and gaming lab approvals for new prods]for the company's future in this upcoming year [ie, 2008], we will be well positioned in 2009 and beyond to reap the benefits of the company's investments in its technology and its employees that will allow us to deliver innovative products to our customers resulting in increasing shareholder value and return." Let's see...no approvals in LA & MT for the Ballys footprint equip...hmmm, it's late 2009 last I checked...so what really happened in 2008/2009?....any accountability at the top?...as a shareholder, I'm not sensing increased value and return with the stock at $1.50 level....when will there be accountability?....it is an effing dog fight for institutional attention in the microcap space....other POS (piece-of-@#$^) companies without improved fundamentals have recovered somewhat off their lows due to communication with shareholders...not hidden Qtrly filings burying bad news....apparently mgmt does not think they need to compete for investor interest...one would think one of the 5-10% shareholders would kick some ass here but apparently they don't have the time or interest. Rating :
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Talking to a Wall
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thinkfirsta... | (1 Rating) | 7-Oct-09 12:37 pm |
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