Dave,
Nice place you got here. I first found out about SYNC from a few friends who live and work in the Silicon Valley. I live in the East and have been trading for 9 years. The company and their technology looks great, but I dismembered their balance sheet.
When I saw the 57 million in convertibles, it was a red flag to say the least. After a few phone calls to the boys at the firm, I find out that the options on the convertibles are 3% at $4.33 out 2009!
I had to reconfirm this, because I could not believe it, realizing that that few VCS just hand out this kind of money, unless they believe in long term growth. The company hit critical mass with the latest contract, regardless of subscriber price. I believe that wireless messaging is the best play since routers and cellphones and this company is it.
Nice place you got here. I first found out about SYNC from a few friends who live and work in the Silicon Valley. I live in the East and have been trading for 9 years. The company and their technology looks great, but I dismembered their balance sheet.
When I saw the 57 million in convertibles, it was a red flag to say the least. After a few phone calls to the boys at the firm, I find out that the options on the convertibles are 3% at $4.33 out 2009!
I had to reconfirm this, because I could not believe it, realizing that that few VCS just hand out this kind of money, unless they believe in long term growth. The company hit critical mass with the latest contract, regardless of subscriber price. I believe that wireless messaging is the best play since routers and cellphones and this company is it.
