LCRE ~ EMAIL MUST READ ~ Posted by: Smooth January 06, 2010 10:15:17 AM
LCRE POST #11867 ~
XXXXX wrote:
Jim, Don't know if you read IHUB, but a lot of posters there are stating you are a "crook." Is there anything you can say or do that would help stabilze the stock price? The way this is looking and acting, it's a classic dump and dilute and reverse split. Just remember what goes around, comes around. I hope to hell you know what you're doing. Too late to sell now.
Good luck…we'll need it.
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His response: Dr. Jim Morris (LCRE CEO)
On Tue, 2010-01-05 at 20:38 -0800, Jim Morris wrote:
Sigh.
Have you ever heard of Google? A few years ago, Google was nothing more than a crazy idea in the heads of two Stanford graduate students. They developed a business plan, they got investment capital, they developed their product, they created a brand, and they got busy trying to figure out how to monetize an idea that started with a better mousetrap for Internet search engines. For many months they had no revenue and no customers. They didn't even know how to monetize their idea for at least two years, maybe longer. In the meantime, they burned cash and then they burned more cash. When they ran out of cash, they went and got more cash. Then they burned that cash. And, again, they went out and got more cash. Why do you think the investors who put millions and millions of dollars into Google over a period of several years continued to dole out money to Google? The answer is because they believed in the basic concept and the people and because they were PATIENT. The Google investors knew that the Google people were not going to get it right the first time or even the second time. But the investors stuck with it and they were patient. And look at where they are today. The returns that the early investors in Google realized were beyond obscene. Google "John Doerr". John Doerr was one of the early supporters of Google when he was at KPCB. Google was not the only company that John Doerr supported, there were several others (Sun, Amazon, Netscape, Compaq, Symantec, and Intuit, for example). Do you know how long Paul Allen and Bill Gates struggled in obscurity in their quest to build Microsoft from a two-bit loser into one of the most powerful companies in the world? About fifteen years. We at Lecere are trying as hard as we can to build the next Google or the next Salesforce.com or the next eBay or what have you. We are classic capitalistic entrepreneurs: we want to build a great company and we want to become obscenely rich. So ask yourself this one simple question: Why would I or anybody else on Lecere's team want to settle for the piss-ant little profits we could make on a dump and dilute and reverse split (whatever the hell that is) with a company that today has a market cap of about $500,000!! The kind of money we could make from that kind of ridiculous little children's game is mice nuts to us. We are after big game.
The Lecere team knows precisely what we are doing. Between us, we have been involved in about ten tech startups. Not all of them were successful, because they never are, but we also made quite a few investors rich along the way. So just be patient. Like John Doerr. We have at least two triggering events that are 60-90 days out in front of us, either one of which should give Lecere enormous traction. I can't say much about one of the events, but suffice it to say that we are looking for a large company to distribute our product for us. If we find such a company, we will be kicking ass and taking names. The other potential event is the lawsuit that I will almost surely win within 90 days. I will invest a significant amount of that recovery in Lecere, and I will be buying stock on the street. I am chomping at the bit to be able to get some Lecere stock at the prices we see today. I am going to make huge returns on that investment alone, and I will be laughing at the people who called me a crook all the way to the bank.
Jim Morris(LCRE Chairman & CEO) ~
