Scott
I was very disappointed in the conference call today and in you personally based on our recent one to one telephone discussions and your stated commitment to common shareholders.
1. You did not talk about how much money the company is losing but rather just about revenue increases. Increasing revenues mean nothing if the company is losing more money than it is taking in.
2. You did not allow any questions to be taken by shareholders and the media which to me means that you are hiding something and don’t want to face the music of being asked really hard questions.
3. The Shareholder Structure that the company has is clearly not in favor of Common Shareholders yet you do not want to address any questions about this structure or arrangement. As such, it appears that the company Shareholder Structure is set up to pay off you and your associates at the expense of the Common Shareholder. And the fact that you personally do not want to address this makes it even more obvious that you are out for yourself and your associates through Preferred Shares at the expense of common shareholders. The minute the company makes any money it is going to be sucked out of the company through payouts to Preferred Shareholders at the expense of Common Shareholders.
4. The “note holder debt” the company has, some at high interest rates is terrible, along with the constant dilution and 350 billion Common Shares to continually dilute and flood the markets which means that the you personally and the company does not care about a) people it lends money to as note holders and b) or the Common Shareholder of the company common shares.
Having invested $1,000 in GAWK and lost most of it I’m simply going to mark this as a bad experience and write off. As far as I can see you guys are doing everything within legal rights and limits to cheat people out of their investments and show no regard for the Common Stock shareholders.
As such I would not recommend anyone consider investing in GAWK, not for the short term or the long term. And I have made that comment to others.
Everyone seems to know that GAWK is a scam because when you guys come up with new great increased earnings news the common stock takes a nose dive because of your and your note holders flooding the market and diluting it to death! And with 350 billion common shares to go you personally are going to pound Common Stockholders into the stone age at their own expense while you may eventually collect your $1 millions on Preferred Shares.
I think I’ll pass on your scam. Hopefully others will see GAWK for what it really is – your personally piggy bank.
Arnold Villeneuve
