to be fair
I am not concerned about secrecy. I think that, IF we are embroiled in negotiations with a major card company or bank or other entity worthy of note, it would be imprudent to divulge that UNTIL that other company has done its 'sea trials' and has done all of its (dare I say it?!) Due Diligence and is completely happy with it. Only then should an announcement be made, jointly, for maximum impact. Now if I was to lead a major organisation with its huge ego and reputation I would not want the world to know I was dealing with a minnow who had a product so sketchy. I would keep that to myself and tie up the company (SMME) with all manner of NDAs until it suited me. And then there is the challenge of keeping the two major card companies, with whom we have been court battling recently, out of the picture for fear they would attempt to sway any likely partners for SMME.... at least until the deals are done.
As for the shares....well I don't know how to address those concerns. I note that it offends many.
My position is this: I have been accumulating for nearly 16 years, over three different iterations of the company as it morphed over time. I am fed up too. I have shares that will be worth a dollar when they are worth a dollar, or 20c when they are 20c. That means that when I sell them I will get "X" amount of my shares x that dollar or 20c. And if all that happens I will be a very happy boy.
As for the delays and broken promises...again, I don't know how to address those concerns. What I do believe is that there have been some strange goings-on, and some situations where I do believe our CEO has attempted to protect us all. What do I mean? All those alleged deals with brokerage companies in past years for example, where deals were done and then supposedly changed by the other side at the 11th hour. If that reasoning is to be believed, and surely you can imagine it happening can't you, couldn't we be worse off than now? I can imagine that other companies would want to dominate a minnow like SMME (assuming there is a product... Yes I Know what you're all saying) in negotiations to get a better deal for itself. We are to believe that has happened severally over the years.
NB: I am not a sycophantic fan of our CEO. I make no comment about why the assets have been moved to and fro, or about financing medical events, or travel and car expenses etc etc...none of it. I choose not to waste any more energy focussing on those issues as it has caused me far too much angst to now. My only concerns are about getting this thing to market.
Whats your B share issue? The issue is around how to value the company when the shares are diluted.
Is that Right? I am comforted by knowing the value a share does not always match up with the value of a company. In any case, like you I represent a cohort too. Our agreed position nowadays is that 100% of anything (vastly diluted or not) is better than nothing.
GLTA
