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Re: Naval Nomad post# 31939

Monday, 09/19/2016 10:54:05 AM

Monday, September 19, 2016 10:54:05 AM

Post# of 37220
This is why current financials are critical and also the Law. Basically our investment is worth 1/5th what it was a few years ago. Not putting financials out is a good way to cover this up. Not saying they are doing this deliberately nor am I saying it is necessarily a bad thing. It all depends on what value investors receive from the dilution. To this point we have seen nothing but promises from Chaz in terms of operational progress (there may be some but we have not tangible proof). That is why the financials and any material changes are required reporting items. It is for investor protection. I think if financials are not updated in the next few weeks then as a group we need to start making noise. There is a lot these guys can do to help stock value and keep us informed. A quick note from the CEO, Updated financials, Progress report in writing (not unofficial phone calls),Press reports, Etc. Putting nothing out while simultaneously diluting to maintain operations is a recipe for disaster. Shorting is not the problem. Perceived value is the problem and that rest solely on the shoulders of management.

I don't say this to create anger or fear. It is simply fact and I think as a group we need to demand more accountability from management. As Pony says - a simple timeline would be helpful.

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