Thursday, July 10, 2014 6:15:32 AM
Exactly.
Now I understand the namesake... Pirate.
Before you go jump on a pirates bandwagon.. I suggest you give it some thought.
All a proxy fight is going to do is cost money. If you think Frank and Dan are going to roll over and take someone with intentions of pulling cash and assets out of the company, you are living in a dream.
All this is going to do is take Franks time from focusing on what he needs to do to run the business. What about the legal cost too? Knowing Steven Kiel is a lawyer It seems Kind of clear to me now.
You have to look at who is attacking this company.
“The goal of Arquitos Capital Partners is to compound funds at a better than average rate with less exposure to long term loss of capital.”
A company in transition like Sitestar is just NOT going to be a quick return, at least not in the short term. You buy this stock you need people like these guys to run it up.. sure.. the scary part is how they want to get out.
I must say I think Dan and Frank are smart.. Can you imagine if someone just bought 10-15% of the company with intention to steal if from you asking to see your books.. so they can make a case to claim mis-management? It would be stupid to open the books. Anyone can find something to complain about. Especially a lawyer who want to take your business and flip it for a quick buck.
Anyone who has this big buck dreams here should wait.. For someone who wants to pay for value when it does arrive. If we get lucky along the way with folks like Dash and these guys buying.. great.. Now let’s wait for them to sell because they want a quick buck. It is just not going to happen.
These guys mis-judged the value of the company, now want a quick buck.. and expect the Long time shareholders to bail them out. They want to take from us IMO..
To think a “Lawyer” or a couple hedge fund manager and another small time landlord can come in a do much better than a man with a proven history to be safe.. I cannot believe it. I have owned rentals myself and have one left.. they are LONG.. not short returns.. Sure you can flip a few along they way too. But the housing market is still not that great right now.. it is making a comeback.
This is the problem with a penny stock. It is not liquid. And you can get stung if you are not smart on how to trade it… invest in it. I have bought many penny stocks over the years.. Frank is solid, not some fraud like most.
What incentive is ANYBODY going to have to place shares at a higher price? Some sort of attack group who misjudged the value of the company?
I am amazed how many real scam artist enter into these pennies.. And who is to know if these guys are NOT scams.. We know Frank and should fear those we DON'T know. Why do you hedge fund guys and Pirate post all your financial and let us LOOK at YOU first.
Your choice, your decision.. after looking at who these guys are, No way I side with this group. I believe they will damage the company.
Where is ole Dandy at when we need him... LOL..
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