couldawouldashouldas
my complaints about management have been consistent whether the stock was on OTCBB or NAZ, whether $10 or $2 (or even in the $30-50 range).
the only "bashing" i woulda done woulda been to SPIN.
i saw the INTC demo news in early April & N4's Ohm Intel Namah has been ringing in my melon ever since. The broader trusted computing market has been building for years AND yes, one must attribute much of that to Sprague's evangelicizing.
There's a thread w/Alea where I acknowledged the inherent value of the $250Mil spent . It is true that Wave has positioned themselves for a market they played an enormous role in developing & as i believe barge said, SKS is "Mister Trusted Computing."
it seemed so possible & there was a volume rush... i might be stoopid, but i ain't no idjit!
fact of the matter is that i am "in."
SPIN
PS my objections will remain if the stock is $500 & fundamental reform hasn't been undertaken.
The biggies:
1. NO non-performance based exec comp. of *any* kind (except base salary). Which also includes option stike prices near 52 week highs NOT lows.
2. staggered BofD seats (would like to see 1 longtime long on BofD - institutions would accept it if the s/h had a solid C.V.)
3. responsible disclosure of material info (adherence to reg FD).
4.no more loans, private subsidiaries, Founders' Shares, family biz mentality, etc. (Fiduciary Responsibility).
5. no more prediction-type PRs.
6. Peter pays back the loan!
7. keep swinging for the de facto web "apps on tap" o/s fences.
8. dump the juggler.
9. Feeney pays back the loan!
10. Lose all the non-performance related crap - e.g., Manhattan apartment, etc.
11. report results/filings earlier so the #s actually mean something when released.
12. no more dilution in desperation (even if that meant selling Sexpress, which is an asset i definitely like owning a piece of btw).
13. meaningful insider buying NOT selling.
those are my big objections - the Street would likely respond well to most, if not all, of these changes.
AND if Spragues become billionaires from their 14 years of effort that is 100% cool IMO -- as long as they don't do it on the s/h backs.
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