For awhile now, the concerns I've had with the company originated with their inability to get funding. With the news blackout, we were left to use our imaginations with history as the only guide.
I am very tired (worked in the yard all day) and I do not feel like getting into what specifically has helped me calm down. I would like to say though that as I have mentioned before, I believe Ray Willenberg to be honest generally speaking. He has, however, been overly optomistic in the past and that has cost me money personally, as well as cost others. I KNOW there have been efforts made to conceal the whole truth in the past to keep people from selling.
With the information given in todays meeting, we now have a much clearer picture of what we're up against. We still risk failure if we are not able to receive adequate funding. However, I now know the risks involved and will be happy to stick it out with the shares I have. I will also buy more stock as funds allow as long as I believe the company is on track.
My only regret is that there are people who have been hurt financially by the deceptions.
On a more positive note; it is admirable that Rich took a 50% pay cut. In fact, I look at him differently now.
As for Ray's 30% cut, I find that to be admirable as well. I wasn't aware that he took the cut several months ago. That's the kind of stuff we need to know. Every time I talk to Ray on the phone I go away knowing that I like the son of a gun. Maybe I need to call more often.
Brad really seems to be a level headed guy and I will once again give him the benefit of the doubt. After looking at the plan, it seems that we have the right guy heading up the company. You just can't help but like these guys.
Have a good one.
AI
