Joro,
They informed all shareholders of record about the meeting, which from my understanding of the legalities cover their responsibilities. ALSO they never CANCLED the reverse split, only put it off, meaning that they could reinstitute it at anytime. They are VERY sly and seem to know exactly their legal responsibilities. Everyone knows about the RS and they STILL haven’t implemented it. The ONLY thing you could have gotten James on is that he stated that they were not putting off the RS but were not going to do it in the “near future”, well so much time has passed and they still haven’t RS’d so they have long passed the time of the near future. Again, they seem to know the line and haven’t crossed it. Ken clearly knows the how to legally structure the company heavily in their favor and James is silver tongued enough to use words like “maybe” “future” “could” and so forth. All the words that pisses you off that he says. The SEC has obviously not done anything and I wouldn’t expect them to. You may not like their actions but they have the power to do what they want.
If you look at the facts James did not start emailing people about the RS being back on. From my recollection Insanity or someone else got the paperwork in the mail and asked James about it via email. James confirmed it. (all of this was posted here) Again, this was AFTER notice was provided to all shareholders of record.. in other words.. THE INFORMATION BECAME PUBLIC. They never said it was canceled and informed all shareholders about it in the first place MONTHS ago. In fact this is probably the LONGEST warning I have ever seen for a reverse split. It’s been like six months since they first announced it. NO investors can say they have not had fair warning about it and they still haven’t implemented it.
Your plan to win your money back on the same slot machine you keep losing it on does not make any sense. Ken and James own billions of shares, enough that they could dilute your shares down to sub zero worth and still have the company not even close to being out of business. The value of your shares will be worth zero LONG before they run out of shares. It’s mathematics. There is nothing to argue about. These are facts.
John Good and others, I agree. This stock is for longs who get in believing in the company in its future long term. The new blood that comes in after the RS will be the future shareholders of this company who will not be the bitter bag holders but the new kids on the black looking forward to the future and the releases of the movies. Its put up or shut up time. Either believe in this company and support it long terms or if you lost and you cant take it then grab your balls and leave with dignity like Art did.
I have had my eye on this company for a long time. I’m not a holder or a flipper. I’m not a friend of the company or of Joro and the sad sac posse. I have been reading for a long time and I just got sick and tired of hearing everyone feel sorry for themselves around here and thought I would give an actual perspective for a change. I’m the type of person who believes that if you don’t like something you should leave. If you don’t like the radio station then change the station. Nothing is to be gained by wallowing in your own jorrow, I mean sorrow day after day..
All just my opinion,
TMM
