OK...let's call a spade a spade here!
I am neither a bumper or a basher. For you to read anything relateing to either are dead wrong.
I am an optimist by nature. The glass is always half full. I pride myself on being ethical and honest. My job is marketing and sales. I manage and guide a worldwide network of contracted product engineers/representatives. I cannot afford to lie or in any way to stretch reality. Given my work load, I couldn't keep track of what I told to whom so I always tell the truth.
I expect the same with my sales team, the company I work for and from my customers. Anything less is unacceptable.
I have been into this stock for about a year and a half now. I bought into Billy's dream and concept from the beginning. The impression I originally had was that Billy was a rightious and knowledgable man and manager. He had some products which I felt would certainly fit the markets as I saw them evolving. All along I strongly believed the press releases and looked forward to the next one. I had this dream that everyone has/had that their investment was in good hands and over a period of time would grow.
I don't know if it was coincidental or a direct result thereof, but the attitude and demeanour of this company and the people in it started to change right around the time they changed T/A. I had a difficult time to believe what I heard in the CC's and saw in the PR's. There was this little bird on my shoulders that kept saying...be carefull!
Today I am of the opinion that this company is hurting "big time". Do I hope that I am wrong...hell yes! But again I temper that optimisum with realism.
When all the BS swings out, it is the JOB of the president/Billy Smith to steer this ship. Market fluctuations or any other abstract explanation won't cut it...this company is being mis-managed. And the stockholders are the bag holders for it.
Should I/we sit back and take it? Should I resolve myself to the fact that I "invested in a pinkie" and that is the chance I take. Hell no! I entrusted my money to Billy Smith to work with on his dream...I expect nothing less than a true accounting in return!
Since it became appearent that I wasn't going to get that accounting voluntarily, I felt it prudent to resort to putting our tax dollars to work and get it from the SEC.
Now if there is found to be improper things going on and the business is closed down...so be it. Either way we have all lost the investment. Only then we will know why. If there isn't any inpropriety...there is nothing to worry about...hell it would probably push the PPS up to finally know.
As for a civil suit...sure this will make some attorneys a bit more financially healthy but nobody can be left to walk away without paying a price only to do it to some other investors again.
Again, Do I hope that they can pull this out of the fire?...Hell yes. But whatever happens I will not bend over only to find out that I should have been more vigulent!
