Forgive me if I am not knowledgeable about such things, but isn't this something that should have been disclosed to shareholders? I thought a public company had to share the legal filings, etc. through a 10-K or 8-K or something K. I assume this is a legal filing of some sort. And as it seems we have not been told anything about these specific intentions.
I will review the latest updates to see how this event was addressed...unless someone already has and would like to share.
I have been a shareholder for more than 15 years and although they have backtracked a million times they have always at least mentioned their intentions as far as I remember. Perhaps shady in some cases but I was always able to understand their intended actions. This one is completely in the dark to me.
Certain things are beyond my comprehension, like changing the name of the company but not changing the sign on the building. Like buying a defunct piece of software made by someone else and claiming it to be a breakthrough that the company designed. Like gaining a multi-million dollar investor and doing nothing to take advantage of his expertise and experience. Like going from a company that is honorable, innovative and shrewd to becoming untrustworthy, deceptive, and irresponsible.
I do hope that my dismal feeling is just that - a feeling - and that they pull themselves from the wreckage.
But now we head to the pink sheets...
*sigh*
I hope everyone who celebrated Easter had a happy one!
Neb
