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Re: redjimoo post# 2510

Thursday, 09/07/2006 2:13:35 AM

Thursday, September 07, 2006 2:13:35 AM

Post# of 4393
red-

For the time being, it would appear that JG is satisfied that sales are up and he has AR and inventory, stock performance be damned.

If the shares were concentrated enough in the hands of someone who 'knew' how to proceed, I would guess that JG would have listened to input; as it is, I think that the shares are spread far and wide amongst individual 'hopefuls' (make that 'FORMER' individual 'hopefuls), many of whom are disgusted like we are that the rug has been pulled out from under us, with absolutely not a whisper from HQ on what he intends to do to make things right.

His focus on profitability is fine, as long as it is closely intertwined with reducing the float he himself created over the last three years in anticipation of this year's 'BIG' event. I could care less if he only moves $10M worth of product next year, as long as his margins are good and he buys back his stock. You can't tell me that he finds $40K to pick up a G-6 at a charity auction, but can't find $40K /Q to symbolically buy back shares.

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