"the BOD...wanted to delist so company could be worth something....their decision has made the market cap almost zero." =====
That's what happens when a delisting is announced and it's harsh on those who elect to sell while they still can.
But the market capwillbe meaningless soon. It will cease to exist on July 6 -- and that is potentially good news for shareholders who hang on because any asset sales will be valued at their true worth instead of their depressed AIM valuation.
How any such "true worth" gets distributed to shareholders remains to be seen; but they did talk about a possible dividend in yesterday's docs.
The tech has good potential and take up is increasing on the Apple platforms....problem is the BOD...wanted to delist so company could be worth something....their decision has made the market cap almost zero. Definitely opportunity to make money if you can call he bottom.
What a great little long term bear stock this as been.
According to one chart it hit 91p during 2003 and today is on the floor with a proposal to remove the listing altogether.
As aim999 says, it would seem that Haystacks was correct all along, he was able to foresee that 3D TV viewed through glasses was not going to be a global 'must-have'. He banged on and on about this despite people endlessly pouring opprobrium on him in the vain attempt to get him to shut up. Haystacks rose above these personal attacks and responded by becoming even more vociferous, in so doing he almost appeared to have entered the realm of Howard Beale.
About thirty years ago there was a 3D camera company called Nimslo, that didn't work out and it took large amounts of institutional and private investors money with it, including a lot of mine.
Perhaps there is a lesson in this. If anyone starts up another 3D company particularly one where you have to look at the images through spectacles, just pick a good moment and start shorting the stock.
Thanks Haystacks, some time ago I took your advice and got out DDD with a decent profit - I really do owe you a drink.
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