CounterPath, the company behind Eyebeam soft phone client is seeing some serious insider activity, according to a reader who tipped us on the furious buying that is going on.
Steven Bruk and Larry Timlick are turning out to be big buyers of the stock of this company which trades on OTC BB. Is he related to the chairman and co-founder of the company, Mark Bruk? Timlick, incidentally is a former Cisco executive who joined the company right around the time our good pad, Erik Lagerway left the company formerly known as Xten.
Earlier this summer CounterPath’s stock came under heavy selling pressure, and perhaps the folks related to the company are trying to prop up the stock. The company said it would meet its over-$10 million in sales for fiscal 2007 forecast, and added, “CounterPath’s recent price decline may be a reasonable entry opportunity.” Of course, no mention of profits! Maybe they are eating their own dog food.
Talking about soft phones, both Jeff and Andy were lamenting the fact that US telephone companies haven’t launched their softline services, unlike British Telecom. I guess, the Fat Belly doesn’t much care for softphones…. yet!