Session With Therapist About Stilo2 Mar 2016 09:04
Just back from the therapist appointment and the news is still the same. She just went on about the normal and disappointing news about stilo.
Her summary was thus:
Fallen from grace from around 150 pence to the current levels of 5 pence.
Disappointed the market for many, many, many, many, many years.
Will continue with a very slow progress from its dreadful low revenues of £1.2 to £1.5 million yearly.
Will never be a yield stock, only paying minute dividends.
Has always held webinars and conferences but has always continued to fall in price.
Has always developed and sold world leading products to world leading companies ever since formation but this has not affected the bottom line.
The more exclusive products that they have developed the lower their revenues have gone year on year.
Relationships with the likes of IBM over the last 15 years have done nothing for the company's finances.
IBM tested then used Migrate on a incredibly small, minute basis that it only served as a reference deal really.
Only has around 16 workers with limited resources so hitting the world with its products on a huge scale is highly unlikely.
Their world leading product Migrate has been about for around 9 to 10 years but only raises around £600,000 yearly.
All other revenues have fallen or been discontinued.
The company's year end results have always been optimistic yet unrealistic for many years. 15 years continuous etc, etc,etc.
Management in their year end results have always made promises that they have broken.
The market has been waiting for so, so, so many years for this world leading company to provide the goodies but it hasn't.
Management hasn't given many hoots to date.
For a world leading company, a listed company, revenues should be around the £10 to £20 million mark not £1 million mark.
Company will continue to make the normal promises but making for the last 1,2,3,4,5,6,7,8,9,10,11,12,13,14,15 plus years.
IBM may, just maybe, just maybe, maybe, maybe use Author Bride slightly, slightly more than they did Migrate and spend a couple of pounds more on it.
Nobody should question the current and historic financial record about Stilo and anybody who does should be herewith dismissed.
Everybody should buy into the Stilo story as they have a proven broken record.
Management will continue to issue more shares in order to fill their boots and all share holders just have to lump it.
At this stage my session with the therapist came to an end and I have been asked to book myself back in for another session.