TheDirectory.com Inc (SEEK)

[MindlessSelf]

I guess if you were to run a weekly analysis on the stock itself your discoveries would be frightening. Scott can add pictures to his websites all day. If it doesn't translate into profits then those pictures are irrelevant.

The only money that is being made is the salary that Scott pays himself with the the debt he has accumulated.

If Scott were able to generate a dime from this "company" don't think for one second you or any other investor will see a penny from it. He is up to his eyeballs in debt and the share structure guarantees that no value can be passed along.

The scary reality is that I could go to godaddy right now and start a webpage and take it to the pinksheets, my stock would have more value then all of the negative equity that he has created. Sg has taken this company backwards for YEARS and has pushed his retained earnings into negative multi millions. There is no coming back from that.

Adding additional websites or even selling existing websites is no going to solve his problem by a Long shot.

Sg doesn't care though. His only goal is to find a way to continue to pay himself a salary.

We need to stop giving him a lifeline. And we have for the most part. The stock is illiquid and something has him in hiding now. Whether it is the sec, or auditors or attorneys advising him to stay quite he has.