Thanks to you both for looking for truth in investing. So many of us tend to focus on liking or not liking situations and missing what really matters---determining what will help the company become the best it can become should always be the primary goal.
OK---here goes! I'm sorry if this should run counter to what some would wish to hear but I've got to call it as I see it.
A Board of Directors is like a fan club, a sounding board for the CEO, the President and other executives comprising management---the COO (chief operating officer) and others as will fill out a company's objectives. The Chairman is often the highest position yet in many cases it seems to operate as though in absentia for you seldom hear from the Chairman. Sometimes the Vice-Chairman assumes duties more commonly thought of as presidential duties.
The first thing hitting me re. the Board is my own confusion. Why do we (Freedom Holdings) need accountants as Directors when there's no real money to manage yet? Next item---what expertise have we when it comes to housing in Botswana? What is the connection?
None of this makes sense to me, frankly. I have no idea what Sigur found attractive about FDMF. Launch TV, if it even has cash value, had to have agreed to being acquired. But nobody seems to know why. Nor does anyone understand the terms of engagement. There's lots of confusing verbiage masquerading as explanatory stuff in the PR's but nowhere are terms actually spelled out. Everything is couched in "future talk" as in: Hang on, folks and all will be revealed.
That doesn't work for me. If I'm to live, I have to have bread and butter---not promises or urgings to hang around until December. Why should I trust people I don't know? Are they putting up THEIR money like I have mine? But wait a minute! Launch TV wanted to hook up with us, right? Why? Oh, I know---melting shingle technology is what pushed them over, huh?
Yet there are those who seem to expect they will be enriched. Maybe it doesn't matter to them that nothing is making sense, there's no rational case for buying into this and it has to be a scheme aimed at defrauding all of us. But when all is said and done, there is no question but that this is one of the strangest stock situations I've ever seen and it is full of drama and excitement, no debate.
So I'm here watching and reading and listening to the complaints and triumphant war cries before the battle is fought and hoping for everybody's sake that something good comes of all this. But I keep hearing that line---"If its sounds too good to be true---it probably isn't."
Lots of fun here and I'm probably as goofy as anybody for thinking there's a chance of success but it sure is fun. And I fully expect a reverse split of a magnitude possibly never before existing. In case you're wondering why the reverse: Simple---it will effective get rid of all existing shareholders. Our money dies on the vine while the Board of Directors gets to build their own stakes in a company that could launch here in the States without spending two years to get a listing.
