Tuesday, November 21, 2017 2:23:28 AM
I have not tried contacting CEO Thomas Welch or anyone else associated with the company. The fact that Welch may not be responsive to investor inquiries, and the lack of significant corporate activity/success, is not surprising and does not make BLLZ an unattractive investment to me at the moment (albeit high-risk). All of the "negative" aspects of BLLZ are probably present to a certain degree in the vast majority of stocks trading on the OTC.
Frankly, I find that most of my attempts at contacting CEOs/companies are just a complete waste of my time/effort. The percentage of CEOs that actually respond is often very low. And when they do respond, they often don't actually answer my questions, provide inaccurate or overly optimistic assessments of their company, and generally provide me with information that is completely useless in my analysis of the stock/company.
Here is one of my more recent attempts at contacting a CEO: Over the last year or two I identified a stock that looked pretty interesting to me. The low price, lack of volume, and lack of social media "buzz" made it pretty clear that it was off most investor radar screens. So I put it on my list of stocks to monitor and eventually began accumulating shares.
About a year ago I decided to contact the CEO and ask a couple/few questions about a specific aspect of the company. I made certain these questions would not violate any disclosure regulations, and they could be answered with just a simple "yes" or "no". After 6 or 7 months of sending emails (using various addresses that the CEO has), I still had not received any response. So I then exchanged emails with a business/media consultant who is in very regular contact (at least weekly, if not daily) with the CEO of the company (By the way, that business consultant responded very promptly to every email I sent). So the business consultant personally intervened on my part, sent my questions to the CEO, and asked the CEO to respond to me. I never received any response. End of story.
Regarding BLLZ: As I mentioned above, this is a high-risk investment. It could turn into something interesting, or just completely fizzle out and remain stagnant.
Without having any knowledge of what went on behind-the-scenes, my best guess/hunch is that the merger with SecuSolutions ultimately failed and was undone because Welch was either unable to produce audited financials for BLLZ, or unable/unwilling to produce those financials in a timely manner.
It remains to be seen whether those financials/filings will materialize, but I find it somewhat encouraging that Welch reiterated in the last press release that the filings would be made. That would seem to indicate that he is capable of producing audited financials for this company/stock.
I accumulated a position in BLLZ because a Nevada reinstatement and updated filings could trigger some movement/interest in the stock. Investor expectations are pretty low/non-existent, so almost anything positive at all could cause a nice pop in the stock. A fully current/updated BLLZ would also improve the chances of attracting third-party (non-Welch family related) acquisitions.
Although it is probably not the most likely scenario, BLLZ could also turn into a pretty interesting situation if management decided to just disburse all of its existing businesses and use the BLLZ shell for a reverse merger. In the long run, that could turn into the most profitable course of action for both the shareholders and the Welch family.
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