The Bickels have taken a company that in all honesty shouldn't have survived from late 2004 through the first half of 2005. It is impressive to me that you can go from a company that has nothing or actually less than nothing with the issues they had to a prospering company that doesn't know how to exactly handle the quantities on new business in front of them.
There still are the remnants who will try to pull S3I back to the grave but we are far past that point and it's only the early part of 2006. So in 16 months, the Bickels have brought us 180 degrees from near death to a life where our problems are now how to fund all the new business. That's a pretty good dilemma to be in considering the previous alternatives.
I am not happy about additional shares being added to the O/S but it is very understandable. S3I has pretty low overhead but the upfront fees for the subsidiaries are fairly substantial. Where should they get the money? I don't know. I would do the same thing as Mr. Bickel is doing. I would think that I would try to schmooze the shareholders before asking them for the money but IR hasn't really been an exact strong point for S3I in the past. Hopefully, EquitiTrend will improve that. We are already getting better PRs although some people, and you know who I'm referring to, are too bitter to acknowledge the improvement and spin it to a negative.
Mr. Bickel is not getting my vote for 3B shares nor is he getting my vote for CEO of the year. Not yet anyway. He still has all my respect and confidence going forward. Anyone who can do what he and his son have done in 16 months are doing an absolute fantastic job. The IR part of the report card is not so great. They have done a poor job keeping us updated with the business's developments. I know this was not their main concern over the past year since the company was being resuscitated. If you don't have a company to promote, why bother promoting it. This is 2006 and things are different now. Now, I expect them to be more interactive with the shareholders since business in not just surviving, it's thriving.
For anyone to say the negative things about S3I could only be because they don't know the past and how quickly S3I has turned the business around or they are just bashing this sub-penny stock for employment, bitterness, revenge, jealousy or a combination of them.
I know most true longs are very happy where the company is right now. Of course, complete happiness is not really attainable with shareholders because they always want more. Of course, we shareholders wish S3I had all the money they're owed instead of asking for it from us but those are their options. Our options as shareholders is which proposals do we vote for and how do we vote them.
I don't see the O/S increasing so that would be a NO but I do see promise of a legal counsel and directors being elected. So that's 2 out of 3.
If they do get a quorum then questions can be asked at the shareholder meeting to address their lack of funding. Personally, I just don't see what S3I could say to make the shareholders agree to the issuance of 3B more shares. It just will not pass unless the payoff is impassable.
It is shortsighted and unreasonable for shareholder to doubt S3I's business at this point but it's not to doubt the means at which they are trying to attain funding for new business. The business is stronger than ever so if you liked S3I in the past, you should love it now. Their image and rapport in China is better than ever so again you should love them even more. Everything is better than it was 6 months ago. So why the doubt and uncertainty among shareholders? One reason is the lack of detailed information which is no reason to lose confidence in the company. The pps dropping the last week or so is another. S3 is not selling the shares. The uncertain shareholders are selling them. This is partly due to the large amount of bashing of this stock.
Weaker hands don't monitor the progress of the company's business, they monitor the pps to flip the stock and make a couple of bucks. This causes price swings. When we finally looking to add the last piece of the puzzle which is a consistent revenue stream to fund operations and new operations, these price swings will eventually become less and less when these receivables become received. S3 will pop up quickly to pass the .0039 intraday high that we recently saw and continue to steadily rise as the business grows and becomes more and more transparent.
That's my take on it,
Sloth
AI
