Bank, I'm assuming you're much more comfortable going into this SHM with your investment than 2012?
bankinonit Friday, 03/30/12 01:42:08 PM
Re: Madmonks post# 135885
Post # of 154145
I knew going in, with my eyes wide open, that this was going to be a process that was sure to be full of bumps along the way. But, I got on board because I was confident in the new management's skill sets and that they had a viable plan. Why? Because THEY were confident. They didn't need to be here. So why were they? Because they saw an opportunity and they were sure they would achieve success. I also believed that their confidence meant that they knew something that we didn't about the likelihood of the airship being commercialized. Let me be clear - I still trust that they know something that we don't in this regard. Everything they have done supports this assertion. I applaud the massive cleanup efforts. I applaud the relationships they have cultivated - Eastcor, UML, GTC, DOD, etc. I applaud the fact that they don't open their yaps with stuff that may have to be explained away down the road. I applaud their willingness to back up their words with their own money.
I admit, though, that I am frustrated with management's communications. I was chastized by Pagan for pointing out that a previous public document was dated wrong. Well, this past letter to Clark from Estrella was dated wrong as well - Jan 2011. I know this may seem like nit-picking, but they also had to request a withdrawal this month of an S-1. Things like this make management look like beginners. It's embarrassing. I realize that in their past jobs with major financial institutions, there were people hired to make sure t's were crossed and i's dotted. And there's a reason for this - present the company in the most professional and mistake-free way possible. Plus, I feel that this past letter is contrived in it's presentation. Just like all of the quotes that come from management after news PRs. There's nothing genuine sounding. I just think they could do a much better job with the presentation.
Other opinions that nobody probably cares about, but I'm going to share them anyhow:
GTC has the potential to make this company a lot of money. In my estimation, they have a cottage industry that can be developed and ridden for many years. They need the proper sales force to make this happen, however. That's the caveat.
A reverse split will not happen. No way, no how. It ain't that kind of party.
Those who are giving management until the shareholder's meeting to show major increases in the SP or "they're out" are thinking too emotionally about their investment. This is a process that can't have success demanded upon it. Be more patient.
That's it. Have a great weekend all.
bank
