InvestorsHub Logo
Followers 18
Posts 2261
Boards Moderated 0
Alias Born 08/16/2012

Re: Pony1 post# 31788

Friday, 06/17/2016 9:30:58 AM

Friday, June 17, 2016 9:30:58 AM

Post# of 37220
Pony - this is why having current financials is important to me. Are we paying the CEO? How about the new science guy? Where are they getting the money and how much is it costing us? Last time we saw a change they had allocated over 30 million shares to investors/workers and operating cost had skyrocketed. That is more than the total amount of shares that were available on the market at the time. I understand that funding is going to cost something and am ok and prepared for it. But this company has had two really big positives as an investor. One is the game changing technology. The second was the low float. I really don't want to see the float turn into a liability that impacts the potential pps of the game changing technology. The SEC has a quarterly financial filing requirements for a reason. It keeps the investors aware of any financial dealings that might have an impact on stock value. We have gone way to long without seeing financials. The delivery of the AIM mills was supposed to provide cash flow. That cash flow would help eliminate the need for operational funding and further dilution.

Don't get me wrong - I like this team and this stocks prospects. But what is the CEO doing? I repeat my first question. Is he getting compensated? If so what are his duties and responsibilities to the company? Visiting Rhode Island is nice but unless he is helping speed the process up or solve some of the technical issues it really does not add a lot of value. At this point I would like to see him make sure we are current on financials and all required filings, meeting self imposed deadlines on product delivery, expanding sales of current product and locking down long term funding for the magnatek roll-out. Hearing from him would be nice. Why did he join the team? What is his vision for the company? What are his short term and long term projections?

I don't think any of these questions are unreasonable and should all be easily answered. It would sure beat another message from Chaz saying there was another delay.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.