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Re: TraderJ58 post# 3047

Friday, 01/16/2015 8:22:44 PM

Friday, January 16, 2015 8:22:44 PM

Post# of 7451
On a stock that went from $3 to $.04, what do you consider meaningful information? Is repeating what Mike says he’s going to do for shareholders in the future more meaningful than saying what he has done to shareholders in the past?
You say forget about what happened 10 years ago, what about only two quarters ago? Mike forecast $1.2M to $1.7M rev and what most thought would be break even or a small profit, the company reported $436K rev and over $1M loss.
How many CEO’s would be that careless? how many would keep their job?
Shareholders took a 65% hit because Mike misled them and Mike takes full pay as if he did a great job. But let’s talk about how he kept the company alive, for him anyway.
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