He couldn't have been any clearer on the matter maddawg. I also thought his candidness on the company's lack of financing being problematic very transparent. I think he addressed the issues head on and pulled no punches. He sat front and center for any and all to take a shot at.
As much as I want to be critical and have lost more than most here, I am hanging in there because while Hollis has made some mistakes and inadvertently over-promised at times, the guy is simply the most tenacious CEO I've ever run across. Think about it for a second, how has he even managed to keep this company afloat this long? Most would have certainly failed the task and written all of us off a long time ago.
Frankly, I would have started the new company under a new shell and said see ya later to all of us older shareholders. He could have wiped the slate clean and started all over with no legacy issues whatsoever to contend with, but he chose the exact opposite. This was his own choice and to me, it's a telling one.
He decided to take the hard road of trying to restore some value and giving existing shareholders something, rather than nothing. To me, that means something.
I listened to that call carefully and I can't help but feel, and I could certainly be wrong, that he may finally be onto something of real merit and that importantly is less capital intensive like gold mining. I see real potential for a manual as described in the marketplace if properly marketed.
If we assume the manual done, we might just watch out because Hollis has no lack of salesmanship, he's just been without anything to really sell.
He talked on the call at length about the importance of generating real revenue and how that is what drives real value. He's 100% correct. There's clearly no lack of understanding of what he needs to do, he just now needs to do it.
Time will tell if he finally gets it right and is successful or not. At this point, we're only risking .0002 to find out. If conviction and diligence mean anything, I wouldn't count old Hollis out quite yet.
