OK...so call me crazy, and let it be known that I am a long term shareholder of GZFX (also severly unhappy about the current pps)...
Having said that, could someone please tell me exactly what DD you are all talking about? No offense, but I have read this "report" twice now and I can find nothing close to what should be referred to as due diligence....but just for the sake of argument lets look at it piece by piece shall we......I will put my comments in caps just to easily separate them from the "report".
OK ya'll, had to see GnF for myself. I've been on the road the last 2 days making the "road trip" from Dallas to Franklin, Ky. Met with JF and Chip today and got the "Grand Tour." I even got to watch these guys work for awhile. Nothing less than impressive. I know that alot of you are thinking "pump", but I've gotta tell you that this trip helped me catch a new vision about the bright future of this company.
VERY HAPPY YOU HAD A NICE TRIP AND GOT THE GRAND TOUR...THE BRIGHT FUTURE OF THE COMPANY HASN'T CHANGED...ALWAYS BEEN THERE, JUST NOT REALIZED AS OF YET...AND CERTAINLY NOTHING YOU HAVE STATED HERE SUPPORTS ANY SUCH COMMENT ABOUT BRIGHT FUTURE...SIMPLY STATING YOUR OPINION WITHOUT ANY SUBSTANCE TO BACK IT UP.
Some observations...
The Franklin DC/Offices are on a refurbished 2nd floor in a downtown building. Nice, businesslike, but not extravagant. Sufficient for the business function. Money well spent. No qualms whatsoever about our management bringing business people here. It gives the right impression.
JF and Chip were very cordial and answered whatever questions they could within the realm of public information. They are aware of our stock price and check it often. There are many projects in our not too distant future which in my opinion will help our stock considerably once finalized.
GREAT, THE OFFICE SPACE LOOKED REALLY NICE AND PROFESSIONAL ON THE COMPANY OVERVIEW VIDEO ALSO...AND AS I STATED EARLIER, BUSINESS COULD VERY EASILY BE COMPLETED OFF-SITE AT ANY NUMBER OF BUSINESS SUITES AND OR RESTAURANTS.
AS TO BEING AWARE OF OUR STOCK PRICE AND CHECKING IT OFTEN....TERRIFIC, BUT YOU HAVE OFFERED NOTHING TO SUGGEST THAT THEY ARE DOING ANYTHING TO RAISE INVESTOR AWARENESS, YOU ALSO DESCRIBED NOTHING REMOTELY LIKE DD IN TERMS OF THESE MANY PROJECTS THAT SHOULD HELP OUR STOCK CONSIDERABLY....ONE MIGHT SUGGEST THAT ALL THIS INFORMATION WAS OUTLINED IN THE RECENT WEBCAST AND WALLST.NET INTERVIEW...IN FACT WITH FAR MORE SPECIFICS AND FROM A RELIABLE AND RECOGNIZABLE SOURCE...YOUR LACK OF ANY SUBSTANTIVE INFORMATION SHOULD NOT BE CONFUSED WITH DUE DILLIGENCE.
Your CEO has his first priority where in should be...growing this business synergistically. (Finding other businesses that we can work with to promote/advance our company at minimal costs.)
AGAIN NOTHING THAT WASN'T ALREADY COVERED IN THE WEBCAST, AND FROM A MUCH MORE RELIABLE SOURCE, THE CEO!
I'm sure you know that by vocation he is first and foremost an accountant. It shows, and that's good for us. We discussed some projects that the company has completed to date, and you would be amazed to know how little they have actually cost us. For example, those of you that think we wasted a lot of money on things like E-tour golf might want to get the numbers first..and then ask about how we're still using that little tournament to our advantage today.
WELL, THERE IS A HINT OF SOMETHING HERE, BUT YOU OFFER NO NUMBERS AND YOU OFFER NO INFORMATION ABOUT HOW THE E-TOUR GOLF IS STILL BEING USED TO OUR ADVANTAGE...CERTAINLY DUE DILIGENCE ON THIS SUBJECT ALONE WOULD HAVE LEFT MORE TO DESCRIBE OR DISCUSS, NO?
Your president is a very bright and articulate guy
THAT IS CERTAINLY A MATTER FOR DEBATE GIVEN THE LAST WEBCAST...
who makes things happen..everything from negotiating and finalizing deals to overseeing everyday operations.
NO DOUBT, ALSO NOT EVER REALLY QUESTIONED GIVEN THE NUMBER OF EMPLOYEES AND THE FACT THAT HE IS THE CEO OF A START-UP COMPANY.
ALSO NOT DUE DILIGENCE.
He has a full plate and is worth every dime we pay him.
PERSONAL OPINION, NOT TO BE CONFUSED WITH DUE DILIGENCE.
Chip has an excellent grasp of technology and the future of technology as it applies to our business model.
YET TO BE SEEN, AND YOU OFFER NO INFORMATION TO PERSUADE ANYONE OF CHIPS GRASP OF TECHNOLOGY...NO QUESTION THAT CHIP IS WELL SPOKEN AND APPEARS TO HAVE A GRASP OF HIS AREA OF EXPERTISE, HOWEVER THIS INFORMATION IS OBSERVED ONLY AFTER WATCHING THE WALLST.NET INTERVIEW AND THE WEBCAST, CERTAINLY NOT IN THE STATEMENT OF OPINION THAT YOU MADE ABOVE.
A lot of you here think they don't care about the shareholders...well they cared so much about this shareholder and another with me to spend FIVE hours today answering our questions and discussing the company. I really felt bad about being there so long because all of the activity around me made it clear that they had other things they could be doing.
YOU SHOULD FEEL BAD ABOUT BEING THERE FOR 5 HOURS...IF YOU COULDN'T OBTAIN THE INFORMATION THAT YOU HAVE REPORTED BACK TO US IN 30-60 MINUTES I WOULD BE ASHAMED....
Wanna help yourselves get the stock way price up? Subscribe. We have some 16000 shareholders, and only a portion of those would propel us well past break even. (And yes, Chip says current inventory levels will support enough members to go well past break even without another major investment.)
HINT OF SOMETHING HERE ABOUT INVENTORY LEVELS.....PERHAPS SOME SENSE OF DUE DILIGENCE HERE, BUT STILL CERTAINLY QUESTIONABLE.
And chew on this a minute...we are doing well enough to become a major thorn in the side of Netflix! When you think about our future, don't think small...'cause it won't be that way.
WELL THAT IS CLEAR...A FORWARD LOOKING STATEMENT...ALREADY WITH THE NUMBER OF DC'S THE COMPANY IS EXPANDING, BUT NOT SURE THIS IS MIND BOGGLING NEWS OR CONSTITUTES DD ON YOUR PART.
Bottom line....hang on....think very carefully before selling. Those of you that get caught "out" when all of this comes together will regret it.
CLEARLY OPINION, AND VERY VERY UNLIKELY....WITH THE NUMBER OF SHARES OUTSTANDING AND THE NUMBER OF NEW SHARES TO BE ADDED TO THE FLOAT....THERE IS NO SHORTAGE OF SHARES AND NO SHORTAGE OF OPPORTUNITIES TO BUY SHARES ON PULLBACKS OR NOSEDIVES WHICHEVER. ONE COULD ARGUE THAT WAITING UNTIL THE PULL-BACK AFTER NEWS AND SELLING IS FINISHED WOULD OR MAY RESULT IN A CONSIDERABLE REDUCTION IN DOWNSIDE RISK....ALSO WHY WE SIT WITH NO VOLUME AND NO BUYERS.
OK, you can start the "mindless pumper" comments now, but that won't change the truth..and the truth is this company's future is far brighter than you can imagine. Been there, seen that.
AND EVEN IF I KNEW YOU IN PERSON, ONE COULD EASILY CONSTRUE ALL OF THIS AS "MINDLESS PUMPING" AND CERTAINLY ONLY THE OPINION OF A LONG TERM SHAREHOLDER/TRADER OF GZFX....I KNOW YOU BY REP, AND HAVE ENJOYED READING YOUR POSTS OVER THE YEARS.
I ALSO KNOW THAT YOU KNOW THE DIFFERENCE BETWEEN DUE DILIGENCE AND OPINION NOT NECCESSARILY SUPPORTED BY ANY OFFERING OF REAL FACTS.
CauseImDaddyDamnit!
BEEN THERE DONE THAT!
CHEERS
AI
