Pacific Sands Inc (fka PFSD)

[fool4this]

I can't speak to what Haggerty did or didn't do but...

When he was added to the BOD there was an immediate blizzard of PR. Not just puff pieces, but real substantive stuff that demonstrated progress toward a worthwhile goal.

He also appears to have added a restructuring effort that was named "Project Lazarus".

One of Christ's miracles in the New Testament was raising a man named Lazarus from the dead. I don't know if he felt that is what it would take-a miracle-or not, but it was the most well articulated business plan since the company came to SE Wisconsin. They seemed on there way to a profitable future despite all the debt, and massive damage to share prices from the tsunami of conversions.

Now they have missed 2 10Qs and a 10K so there is nothing they can say without those disclosures. It would take a very substantial cash outlay to get that done.

I have held my shares for quite a while and even thru a few hundred dollars more down the rabbit hole a while back. Hope in the face of reality I guess.