Sunday, March 01, 2015 6:33:17 PM
When you make an announcement you make every effort to ensure it happens. You are VERY conservative in the expected results. But if for some reason it does not go as well as you expected you TELL people as quickly as possible that it is not going as you predicted AND you explain why. And I can tell you missing announcements completely like the Heddle ship or RKT would destroy your career with a real board and real investors. If they built a couple of sites and it just did not work that is one thing. But they have never even STARTED to deliver on any of their announcements. And that is simply not tolerated in the real world. None of the complete misses by the company have ever been explained by the company or it's management. That is simply unacceptable with real companies. With scams it happens all the time.
And when there are delays you tell all investors as quickly as possible. For Heddle to not tell investors that the machines were broken from December 2013 to June 2014 is unacceptable and I believe illegal. At the very least, withholding material information destroys your credibility with real investors in real companies. How many sold knowing the machines were broken while the average investor was completely in the dark. You do not need a law degree to know that is a scumbag move.
And finally I will just tell you with real investors and real companies with a real independent BoD repeatedly missing on announcements is not acceptable. And if I ever announced a deal with a company with only a PO Box and corporate registration I would have had my ass kicked out of the board room. But again I worked for real shareholders and a real BoD. For those with real world public experience, this is so obviously a scam it is not even close.
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