Joey2shoes

Callwave Management: Proposed Transaction Officially Makes Them Dirtbags

As an investor in CALL I can't agree with C-Finance's posting. Callwave has simply been extremely poor at marketing their product and has for the last 3 years quite clearly mislead investors as to the true potential of the company. Sperling might be the major investor but at what price did he make his investment $1?? in which case he still gets something back. However if I remember the press release stated "The company has been informed by its directors and officers that they will not tender shares in the offer", That would probably account for some 50% of shares (according to Yahoo finance) that takes 10.5 million shares of the table. SO what they are offering the none related shareholder (to use a loose term) is actually about $13 million of the $35 million they are holding in cash. To me they're withholding $22 million for on going marketing of this company's product and not wishing to share with investors who have hung around with them for years the rewards when the company's value does improve. If they really had their shareholders interest at heart they would have wound up the company. I estimate wind up costs at less than $10 million that would have left them with $25 Million in cash and a product that I am sure that AT&T, Google, E-Bay, Microsoft, Verizon, Sprint, Apple or any of more than 10 other companies with a vested interest in telephony would have paid $50 -$100 million for without blinking an eye. That would have given shareholders at least a $3 - $5 price for their shares {all). I'm sorry but with Sperlings record and the offer on the table I can call these folks nothing but CALLous vagabonds!

International Bancshares: The Best Operated Bank, Or a Bank with Something to Hide?

Strange that a "SHORT" should be upset with a rising stock, isn't it???