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As far as Prentice goes, I have to believe at least some of what LT suggests. WP also has been at the helm for over a year and has no verifiable achievement. SP down nearly 95% since last year and decaying as we speak. No communication and no merger/buyout. Magnatek units remain dormant in RI (at least that's what LT reports). The company's devalued state diminishes interest and renders 144 shares nearly valueless for corporate operational support and re-investment. Am I missing something here?
Pretty sure Prentice is still there. They would have to 8K his dismissal. My letter is intended only for Mr. Snaper. I'll send it out Monday. I plan to call as well.
I sitting here (on a blue-bird New England Sunday)amazed by these developments. Times like these call for letters to the CEO (LOL), so I drafted one. Curious what you guys think. Open to suggestions.
Dear Mr. Snaper,
I write this letter as a concerned long term shareholder who has always been intrigued by the prospects of Centaurus. I have generally avoided investment in developmental OTC companies but viewed your company (Centaurus) differently largely based upon your remarkable accomplishments and reputation.
I am greatly troubled by the performance to date of your COO, Wayne Prentice. He has failed to execute on countless occasions over the course of the past year. He compounds this by refusing to update or communicate with shareholders. You had offered me his phone number earlier in the year in order to directly address some of these issues. I appreciated your gesture although Mr. Prentice neither answered nor returned my calls. Since February, Mr. Prentice has repeatedly promised (via the LT company blog) to PR new developments and updates. He has delivered on virtually nothing. He fails to return LT’s calls and refuses to meet to coordinate company operations and communication. The final straw, as I understand, was the intentional blocking of the recent 10K filing which he also refused to sign as required. Such blatant misgivings, intentional or otherwise, unnecessarily expose the company to possible litigation and SEC inquiry.
In closing, I implore you to reassess the company’s relationship with Wayne Prentice . Although I appreciate his professional credentials, I remain deeply troubled by his apparent intentional inaction as COO. I also note that his relationship with the Gemological Institute of America raises additional concern for a conflict of interest with Centaurus. In my view, he is either incompetent, disinterested, or intentionally subversive. Whichever the case, he should be replaced. Given his performance to date, I am hard pressed to believe he is the best available for the job.
Unbelievable! Nice pick-up, Q.
OK.....a step in the right direction!
Please enlighten me. Can you name one achievement or milestone we can attribute to Prentice over the past year? I can think of none. Has he adequately acknowledged and updated the shareholders over this time frame? Are there any prospects going forward that aren't tied to the blog? I've had it with Prentice and I'm not crazy. He's had no tangible achievement since Centaurus' inception. That's fact until proven otherwise. He is either incompetent, disinterested, or subversive. Whichever it is, he needs to be shown the door. I'm hard pressed to believe he's the best available for the job.
10K will be bland with no forward projections or guidance. I am certain of this. I have only 2 questions with regard to the filing:
1) will it get filed expeditiously
2) and who actually signs it.
The answers to these 2 concerns will speak volumes.
I think it would be more empowering if we all called Monday. We obviously all won't get through to Mr. Snaper but our messages will clearly convey our sentiments.
Definitely in!
His credentials are reasonable. I have no problem with them. I, as most of us here, have a problem with intentional inaction. He has had over a year to show something and has instead shown his true colors. He's a GIA/DeBeers mole or at least it seems that way! Please prove me wrong.
I don't think that's accurate although I wish it were. I asked LT and he denied saying that.
He has an agenda, no question. He's bringing down company value. A GIA guy means he's a DeBeer's guy. May explain a lot of the nonsense since February.
I believe the disconnect is Prentice. LT revealed earlier that the blog link on the website homepage was removed by Prentice himself. He apparently does review the blog and felt it to be "too revealing". I guess we might consider that a positive to a degree. LT had to then request Snaper's intervention for reinstatement (via the IR/contact tab). IMO, Prentice has an agenda which certainly is neither pro-business nor pro-shareholder. He is the disconnect and I'm not sure what we can do about it. It also appears that LT's Vegas meetings scheduled for this week were cancelled, again by Prentice.
FWIW, I plan to call the Vegas office Monday to voice my concerns (again).
I can only imagine the tenor of his posting input today! Q's contribution would be tepid in comparison.
Hope you're right. We could all use some good news.
I think most of us here know that this is no scam. Despite what has been posted, there clearly is no dilution and Snaper is the real deal. I feel some of us are constrained by horizon, however. Nobody wants funds locked into a stock that may lie dormant for a while. Pr's help with these scenarios. Heck, the blog helped until recently. Without some formal indication of company activity, it will be hard to maintain SP. Doesn't seem Prentice gets it. We'll see if the 10K has an effect.
Kind of agree with you. LT's info and projections were likely fed to him by Prentice. Looks to me like it's management's failure to execute. In any event, we go nowhere without some official company news. There is so much LT can do.
Unlikely given no history for revenue projections in previous filings. The 10K will be bland IMO.
LT actually said to me that the 10K will be filed Monday "for certain". I think it will be but we'll see. I, like all of us, want that filing completed although I don't expect much excitement from the report.
Problems solved! Q to IR. LT becomes COO if reasonably credentialed. Prentice to consult. How long before the 8K release?
Not sure. How are you with blogs?
Current COO (Prentice) clearly has little use or regard for public ownership. He is much better suited to be a consultant or adviser. I have no idea if LT has meaningful credentials but at this point, I would prefer LT. He works hard, answers calls virtually always, and seems to "bleed" for the company. Still unsure how this will play out.
Spoke with LT. He's expecting (99% certainty) the 10K filing by Monday. He'll be in Vegas for meetings all day Monday. He encourages shareholder phone contact at the corporate office in Vegas (702-382-3385) as a show of support for his pro-communication, pro-shareholder stance. I'm in!
I believe it was a parallel blog set up by IHUB poster "ironman17". His blog was active at about the same time as LT's blog. Ironman17 appears to have lost interest around Jan-Feb when the first round of LT's predictions didn't materialize, at the time of the Arizona Gemstone exhibition.
Hope you're right, VC.
I get that sense as well!
At least LT answers his phone and attempts to communicate which is more than Prentice has ever done for shareholders. Heck, even Mr. Snaper answers at he Vegas office. About a month ago, I called Mr. Snaper to voice displeasure with LT's dismissal and the lack of company comunication. Mr. Snaper actually gave me Prentice's cell phone number which I was happy to put to use. Left about 10 voice messages which were never returned. Go figure!
New blog post up, FWIW.
I agree with that entirely.
Blog is NOT gone. Tab has been moved to the "contact us" section of the company website. Unclear who did this and why.
Blog tab moved to the "contact us" page of company website. Not sure why.
Amazing, just amazing! We have just developed the most advanced P2O Processor on the planet, now fully permitted, and their focal point is Big Al. Makes you wonder....
Akeroyd, I believe, is the physicist at Oxford who was engaged in Magnatek instrumentation development. Apparently he had mixed results.
Spoke to LT who states that the 10K was never actually filed with the SEC. He could not discuss the details with me. On that basis, an NT would still seem a possibility but we'll know more tomorrow. Don't think it's LT's fault at all. At least he's working and still answering calls on Sunday.
Ponzi,
Seems you are suggesting now is the time for investment/ trading in JBII. Never thought I'd see the day but I agree.
Voice of reason. Thanks bizops.
Perfectly stated. Fully agree.
LT says we're going the NT route (late 10K filing). I'm not happy about this!
Pretty candid, BIG! About as up-front as anyone could be. Thanks for posting.