If i wanted to own BRSE @.0001/share , i never would have liquidated my position there.
Come the time when Christopher can actually execute and monetize on any of these ventures, thats when i'd be interested in re-entering the shares. Provided the absence of further cd note offerings and dilutive financing/repayment terms that involve the issuance of equity etc..
I was one of Chris Petzel's largest supporters. Over a very lengthly period of time, I accumulated a sizeable position at .0001/sh from the Atwell era thru 1.5 years of Petzel's reign as CEO.
I paid my dues and through the years have demonstrated my patience and loyalty to this company by holding, supporting and self promoting the stock (to family & friends).
When Christopher came on board, there was a great deal of excitement and anticipation. Much talk of movie productions such as "The Howling" and "Strangeland 2" and "The Doolittle Raid" Breathe new life into this former poorly-run company. Then the framepool acquisition came on board and became the crown jewel of broadside Enterprise with its multi million-dollar a year Revenue stream, it appeared to be a sure-fire win-win situation for us and the company. Then with one simple pen stroke in a quarterly report, the framepool insolvency came about and Christopher simply was very blasé about the entire ordeal. There was no explanation given to shareholders, no update, no press release and then shortly thereafter news of a collaboration involving solar panels, gold, diamonds out of Africa? I knew that it was time to hit the exits on any type of high volume spike; and that's precisely what I did in liquidating some shares at .0005 and .0004
I posted my trades and reasoning for deciding to sell at the time. I didn't have to do this but I did. It proved to be the correct move. As the stock sold off , I began reaccumulating shares at. .0002 and .0001 again to bring my core average to .00013
I truly believed the Stockwood Bass and then slowly Trend higher as Christopher provided shareholders with an update to explain the framepool insolvency tissue and what it meant to Broadside Enterprises moving forward . But that never came. Website updates never came. Updates on pending movie productions never came. Emails were sent out but the responses became much shorter and curt, boarderlining on sarcasm. Simple questions left unanswered and well, that just doesn't bode well with me everyone understands the gentleman has a business to run and cannot afford to respond to each and every shareholder. That is why I strongly suggested he hire and investor relations representative about a year ago. That never happened until recently. And even now, this individual has not been forthcoming with information, aside from the fact that there will be any website. Right now, that's all they have going for them, aside from the venture in Africa.
Why did framepool have to file insolvency? Christopher knew knew of their financial woes ahead of funding the acquisition. In my opinion comma his arrangement do not make any payments in 2017 was orchestrated so that the company would receive no money during their insolvency. Why is it that the CEO of framepool recently stepped down as well as the COO and president? As well has Christopher was removed as a board member. Why wasn't this made known to shareholders question mark after all, we own 86.6% of framepool.
I'm not going to go into a long-winded diatribe on all of this. I feel I have said too much already. I've been nothing more than transparent with everyone here and my decision to sell was pretty much based upon the fact that I drew a line in the sand and I approached that line yesterday. Again, if things change, I'll get back in but until then, money shall be put to better use elsewhere in another asset class
