"his other trademark is being aggressive and growing the business by leaps and bounds, in a profitable manner. That is awesome, and I guess in the end... that is what REALLY matters."
Sandbath,
I have to respectfully disagree with you here. What REALLY matters is whether the CEO can be trusted or not. If he keeps stating objectives and insinuating progress along certain timelines, but never comes close to meeting the timeframes, this puts EVERYTHING he says into a questionable light. When people are not forthcoming with developments and are not honest about what they expect to be able to accomplish, one has to start pondering whether or not they are being forthright and honest about ANYTHING they are telling you, including revenues, and profits and growth and deals. THAT IS THE REAL problem and what REALLY matters.
Investors begin to wonder if they are being taken in by a scam when PV is not on time on a continual basis. Now, even if he misses a projection by just two days - I question how much he might be misleading us. If he says it will happen by the 15th and it happens on the 17th, He did not keep his word, plain and simple.
So, I start to wonder, are these revenues real, are these profits real, or just some kind of accounting scheme? Like Sunbeam did years ago with their revenue stream and sales. Yes, they reported products were being shipped out in record numbers, but they were shipped to THEIR OWN WAREHOUSES, and HELD IN THOSE WAREHOUSES, not sold. Is Phil just a fast talking CEO doing something like this in the background?
THIS kind of mindset is what he gets started in potential investors' minds when he does not meet EVERY SINGLE projection he puts out, or at least come out and VERY DIRECTLY ADDRESS what in the world is going on in the progress of such a projection if it will not be met.
Phil gets upset because some question if he might be a dishonest scoundrel. Well, there is but one solution to that - TRANSPARENCY!!! If one does not wish to be thought of as a dishonest scoundrel, avoiding behaving in that manner at all costs.
This is why the posts that Tsheri/Even/ Charleoi have ANY RELEVANCE whatsoever, even though it is quite obvious that they are very heavily weighted to the side of being so negative that the poster could not see a spark of light if you shined a flashlight right into their eyes. But Phil provides volumes more material for Tsheri than he ever provides for us. All he gives us is words and the fact that his filings from last year, for the most part, stood up to the SEC investigation, but only AFTER the SEC requested some restatements.
Luckily the last 10K APPEARED to have growth written all over it, but do we REALLY know if that growth in revenues/profits is going to us shareholders and the company, or just being used to make more deals by giving our shares away to people for those deals, services, products? I certainly don;t know. It appears Phil is still going to be diluting my shares more and more and more. He SAID he would not - but what in the woreld does him saying soimething have to do with anything.
THIS IS WHAT REALLY MATTERS and is what THE REAL PROBLEM IS. To top it off, PV does not behave in a manner that tells me he is very anxious to solve this problem. He appears that he does not want to have to be held to his word. Maybe he has just worked with people that work in our government for way too long. It takes government institutions 10 times as long to get something done and it is almost always of sub-par quality.
If he would start keeping his word, IF HE CAN (I worry that all he tells us truly is just pipe dreams that he cannot ever accomplish, much less in any timeframe even close to those anticipated) and if he can accomplish some growth here that is not diluted with new shares and is WELL DOCUMENTED, then I think we could easily be a $2 stock, from what all he SAYS he is getting done.
As it stands now though, I am quickly losing faith again and thinking I better just be nimble with the trades.
Oh yeah, and PV will say the stock went down because of shorters, and "OTC BB market dynamics", and manipulation groups, so that he does not have to look in the miorror and see who is REALLY causing the share price to be an excellent money maker - IF YOU GO SHORT!
