drkaps
join:2008-09-19
Burlingame, CA | reply to FemGuy
Re: What RED FLAGS? femguy, let's see... paying yourself $1.1 million for "good stock advice" when you are the CEO of same company... giving yourself an $8 million bonus for a year of losing $22 million on just $117 m in revenues... there's two red flags to start.
Then there's a whole bunch of "we may get sued for patent infringement" stuff in between the lines. Oh and since it's an Israel-based entity, well they just may not report all the things that a regular NASDAQ entity would report. If these things don't bother you, well go ahead and invest.
I've met Borislow personally and have interviewed him over the phone several times, and find him to be extremely knowledgeable about all things telecom. And the MagicJack equipment and network seem to work. But even simple conversations with him spend a lot of time in the grey areas of reality; and the weirdness of this whole transaction is just smells bad.
Good luck with your billion-dollar bet if that is what you believe; from here it looks like Borislow is robbing the piggy bank right now to get what he can before reality sinks in. There are reasons why companies choose to "go public" in such a fashion, and it's rarely because anyone sees a $1B payoff in the near future. |
