Sign in / up

back to article They've reached it: Crossroads' stock price crashes to just $0.25

Crossroads Systems’s share price has collapsed to $0.25. It was $3.65 in March 2015, following full fiscal 2015 results showing a fifth loss-making year of declining revenues. Why is it still afloat? In its final quarter of financial year 2015, ended Oct 31, the archival software systems shipper saw revenues of a derisory $1. …

COMMENTS

Post your comment
House rules Send corrections
Add to 'My topics' unstar *
  1. Unep Eurobats
    Trollface

    Never mind all that

    Is there not far more mileage to be gained pretending it's a defunct soap opera?

    3 0 Reply
    1. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: Never mind all that

      They must have looked at SCO's business model and thought - "Hey! Great idea!!".

      4 0 Reply
      1. Unep Eurobats
        Reply Icon
        Headmaster

        Re: Never mind all that

        And another thing - what's the brink of a pivot, anyway?

        0 0 Reply
    2. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: Never mind all that

      "Crossroads"?! It's not even "The Young Doctors" these days!

      This is quite silly, of course. We all know that, in reality, the company was named after the Blazin' Squad song.

      0 0 Reply
  2. allthecoolshortnamesweretaken

    I don't like bar graphs. I can has piechartz plz?

    1 0 Reply
    1. Unep Eurobats
      Reply Icon
      Happy

      Cheezechartz am much more versatile as they comes in many more shapez n sizes. Who ever saw a spherical pie? (A Scotch egg doesn't count.)

      --> smiley Edam

      0 0 Reply
      1. x 7
        Reply Icon

        "Who ever saw a spherical pie?"

        I've seen a haggis pie, which was spherical. Round haggis animal coated in shortcrust

        0 0 Reply
  3. ARGO
    Thumb Up

    "Crosstoads"?

    Great name for a patent troll !

    0 0 Reply
  4. Stevie

    Bah!

    Oh no!

    What will Meg, Sandy and Shoey McFee do now?

    0 0 Reply
  5. TMMITW
    Coat

    Creating product is hard...

    Patent trolling is easier and you don't need all those pesky engineers.

    3 0 Reply
    1. asdf
      Reply Icon

      Re: Creating product is hard...

      Yep and the market appreciates that approach so much they make your shares worth a quarter. Guess they learned their lesson after SCO.

      2 0 Reply
  6. x 7

    has there ever been a case where a company has had its share price drop to negative value ?

    0 0 Reply
    1. asdf
      Reply Icon

      Guess if you count taxpayer bailouts or unpaid loans some companies share prices before have effectively became quite negative indeed.

      0 0 Reply
  7. Mikel

    Violin on hard times too

    Tough market for storage startups.

    0 0 Reply

POST COMMENT House rules

Not a member of The Register? Create a new account here.

Forgotten password ?

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon