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PR........apparently we are ready to ship some more infrastructure to Mexico. Maybe soon we'll get some idea about the money??
We basically agree..but to put it in plain english,if the judge thinks there is any reasonable interpretation of the pleadings and the filings that would allow the plaintiffs to recover, the case will go on. That really is an initial determination by the judge as to whether she thinks the plaintiffs have any legal possibility of success (as differentiated from any emotional chance of success). No need to quibble over words.............most of us hope for the latter of your listed possibilities.
I doubt that it is that good, but I hope I'm wrong. In order for the judge to dismiss the suit, she basically has to find that there is 'no way' under the law (and the pleadings) that the Plaintiffs could win. It's tough to make that call, even if you think the Plaintiff has little chance.
You're still twisting the words...........What they are trying to do is get the case dismissed before any unnecessary proceedings occur. In the process, if they are successful, it will only save us all some money. That certainly has a lot different connotation than 'not wanting it to go to trial' (implying that they want to settle before trial). I know you are just trying to save us from ourselves, but, couldn't you just go save someone else?
Sorry, but you should know better than to say it at all. I have what I feel is a substantial amount here (as do others), but I realize that I must be impatient...and yet wait. Others here would do well to chill out and stop thinking that a few outsiders are privy to 'secret' information. That is all I will say.
A glimmer...............I like the words indicating that they can now look to provide service throughout Mexico. Now if we had some financial projections, such as a. just sell the equipment & maint. or b. share in monthly income.
Any estimates out there??
Having some 'puter problems, so will try again. Have looked at the new video twice now. I notice that there appears not to be any tail fins yet on Sans 2. Does anyone know when the actual video would have been shot? If it was before this long weekend, then we may be close to the first free-flight. If, however, the video was shot on Monday....we may have an additional wait.....thus no official PR. Rich
It may have been answered, but.....It just don't work that way!!!!
Vvvvery interesting. It's just one proposal of many, but I liked what I saw. It appears that others are working with us now. I was fond of the reference to availability of the commercial strat coverage in 2008, as found on page 27 at para 2.2.1.2.
Did also note, however, that at the top of page 37, it's referred to as a "hot air balloon". Wish they would have gotten that part right. Rich
I guess some here just don't understand...........it takes time to finalize quarterly or year end financials. If the SEC doesn't expect them on July1, what makes you'all think we should have them???? Chill out.
Interesting new article on naked short sellers and pending legal actions against them. I especially like the comment at the end about the SEC...hope the copy of the cite works.
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B4B3FE0D6%2D1EFF%2D4986%2D83B3%2D54F21475CA1...
I guess with my schedule, I would prefer a recording of the presentations so I could review as I get time. If the live cast is really too expensive for now, perhaps some type of recording could be possible?
So, I guess you are saying that we need a little consistency. Hummm, consistency and documented financial progress............both sure would be nice. Hopefully the reports we get from the SM will shed light on both.
Thanks....now the "when" questions can stop
Thanks, but one correction.........Proof 'beyond a reasonable doubt' is for criminal actions. Civil actions require only proof by a 'preponderance of the evidence'. Still a pretty good burden if they are all claiming the "sham".
One other point.......even if contracts are signed, sealed and delivered, one party can always call it off. If there are no penalties or forfeitures provided for, you really aren't left with much to ease the pain.
Someone may have responded already, but in case not, here's my take..................You don't combat a lawsuit with pre-market PR's, post market PR's or any kind of PR. The plaintiff's and their attys. will only twist any PR to their benefit. (The folks who think the proper way to fight civil lawsuits is always in the press or public eye are hugely mistaken).
Tim and the boys have to get prepared as though the trial was tomorrow and get their ducks all lined up. We should not expect to be let in on their preparations. Of course, the best defense to these recent filings would be to produce net income and increased SH value. This should still be the ultimate short-term goal.
I know this is the start of a long and lenghty process, but it's about time someone stepped up to the plate.........especially if the SEC does not have the manpower or $$ to do anything real. Makes me kinda glad I stopped practicing law 3+ years ago.
If and when any actual documents are filed by us, we will see how quiet Seth & the boys get. IMHO he will be VERY quiet now. (or at least he should be!!)
Sure didn't take Seth long to put out his latest.......What are the probabilities that he had it all prepared except for dates, etc. I assume he had it mostly written before our PR, and right after the PR he had his legal staff review it before release. Makes one think again............unless of course, he worked all weekend gathering his thoughts and facts.
I certainly understand the desire for updates....but I don't think that the company 'owes' us information until there is something 'reportable' to tell us. We have all been guilty in the past of wanting info based upon some schedule. But, if we should know anything by now, it is that 4 or 5 start up (potentially earth shattering) business endeavors, don't run according to schedules. Let's just sit back, bite all our fingernails off, pull our hair out or whatever, and wait.
certainly 'twoud be nice on this St Pattys day to shock the shorts one more time.....especially if it's a 'real long-lasting' shock.
Possible new thought.........I assume also that the money (letter of credit) is available. We have heard that the bank(s) needed more information on the business plan. What if the questions are not about the technology or installation, but about how the JV will be run, i.e. who's in charge, who's the accountant, who's the lawyers, where will the funds be deposited, are the income & expense projections reasonable, etc. Just food for thought.
IMO I do not believe there were any "errors" in the most recent PR. I agree that it was more for us shareholders than for anyone else. The Russians were very aware of the Company's stance prior to the issuance of the PR.......it wasn't made for their benefit ot consideration. Also, lets not forget that the PR was probably approved by our new attys., so I don't think Tim is flying solo on this one----or jumping the gun with idle threats, etc. JMO
With the change at the end of the day, I think the PR's may be near. only IMO
IMO you can pretty well take it to the bank that the lid is ON.
Don't know what additional responses are posted to this question, but here is my take.........No, I'm not bothered by the statements about 'continuing delays'. Of course, the Russian deal is not done, so anything can happen, but.....All of us on this board seem to be upset every time Tim gives a deadline that is not met to the minute. So, I perceive that is his recent statements he is really trying to say....I sure think this Russian contract is going to work out fine for us, but I just don't want to be accused of not meeting any more self-imposed datelines.
jmo and my underlinings.
looks like aerial photos all right. But we've had the capability to produce those for 80 or so years. Really good ones for more than 40 years. No way to tell what type of airship they were taken from.....but I am waiting for the word that the Strat actually was able to take some similar pix.
There's also the minor thing called 'client confidentiality' which is always present in any legal relationship. Can't talk without permission of the client.....and just why would anyone in commercial negotiations want their lawyers giving out ANY information until they are done??? that is, unless you happen to represent some actor/singer/sports figure who needs public support and sympathy??
Don't expect any info dealing with the conferences unless it is from other shareholders who happen to have been in attendance. However, after contracts are signed and/or $$ received, it certainly would be nice to hear that the initial contacts were made at one of the conferences and that follow-up discussions have led to additional revenues. Heck, I guess any indication of actual receipt of substantial revenues would be wonderful at any time.
Hang in there, we should be getting closer to an announcement about receipt of the 300 mil.
I too would like update letters, etc. But, could we agree that they should relate goals or expected levels of performance without the inclusion of specific date deadlines??
I especially like the notice about us.....It sports a huge shareholder base, many of whom are rabidly loyal.
They aren't going to tell you anything. Not only don't they know who you are......but you're not their client (GTE). Don't even irritate them by asking. We all have to realize that we are not in the Board room, so we don't have any right to know the daily goings on.
I certainly agree that the latest PR was a bummer and, at the present time reflects badly on the company. However....The company had a responsibility to report the execution of the contract & certain relevant terms (such as due dates for payments). If the documents called for a payment in January, I would expect the PR to say so. If the payment is not made, I would expect another PR indicating so.
So....we're all bummed out again. And, while I don't like it one bit, that's the way it has to be (IMO). So lets lay off all the 'I'm dissapointed' e-mails to Tim so he can concentrate on getting things squared away asap. Having vented, I will say that the e-mails (IMO) could be sent to the IR person. If she gets a lot of them, I'm sure Tim will get the same messages and not have to spend so much time responding in person.
My bolding
Just catching up on todays postings..........I especially like the part about..."along with revenue from deals it says are in place in countries like.....".
That's sounding like if Russia fails, we'll go hide under our rock (as we knew)...but when Russia succeeds.....watch out, strat or not. JMO
Am VERY impressed with the research....especially over the past weekend and today. Thanks to all
I understand that MF is perhaps widely followed and read, so I imagine the article was the cause of the drop at the end of Friday.......and may well result in further drops early next week. I agree with most all comments I have read here so far, but I am wondering (based upon the history of MF) how much they try to make their releases entertaining (i.e. silly) rather than scholarly (based on real DD).
Freedom of speech is very well protected, and if they print something as "an opinion", and it's also entertaining to the readers, they will continue to sell subscriptions....JMOpinion.
Some s/h's will look at the message as another delay, but I look at it as 'reality'. We should not expect to get weekly (or at least periodic) updates. Even though we would certainly like to have them, that's not the way it can be at this time. JMO
Been gone for a few days, so am catching up on things.......I am aware that certain of the PR dates have not been met....Apparently, however, you are not aware of either the problems inhent in bring a new product(s) to market and/or the FACT that sometimes things don't go as desired or predicted, i.e. "Yes Sir, we can have that fixed in two hours!".
Don't find any "T" shirts for either......just long-sleeved and polo. What am I missing? Maybe I shouldn't have asked it that way? Rich
Also watched the video...............was very impressed with the 'worm'. It certainly is a novel idea...and it actually flies. If they could do that on a short time frame I am more encouraged about the prospects for Sanswire 2 & 3.
CGI is Austrailian..............Centerline is in Los Angeles. Not the same.