Folks, I have received a lot of emails and calls from people about the share price. I just want to reassure everyone that we have not issued any new shares. In terms of our business I believe things are going very well and we continue to make good progress. Seems like some unnecessary panic selling going on.
One thing I do want to say about timelines. When we say, e.g., we anticipate doing [x] in 120 days, that is our good faith estimate at the time we made that statement. We are not building widgets. The transactions we undertake are complex and I have never been one to rush when it comes to doing deals, because I feel when you rush you make mistakes or leave money on the table. I do believe we are getting down to brass tacks on the Mass transactions. I also believe we will do those deals, so whether it is a week or a month it shouldn't matter if you are a long-term shareholder.
For those shareholders that weren't around for when we closed our last big acquisition in December 2008, we had the exact same scenario. The naysayers came out of the woodwork and questioned the deal from start to finish, but nonetheless we closed on the aquisition. Those who have been shareholders long enough know that when I say the deal will get done there is probably a 99% chance it will get done.
We will endeavor to build more time into our estimates in the future, but some factors that influence the time frame are simply our of our control. The bottom line is that we feel highly confident these deals will be consummated and we will be adding new projects to our portfolio.
Lastly, please don't ask me questions pertaining to material non-public events. We will make announcements to all shareholders when appropriate. We simply can't answer questions like that for individual shareholders.
Thanks,
Mike
AI
