Yes, very upset. Not necessarily at the loss of money, that is part of the game. This was a very small fraction of my accounts. However, what I am upset at is the BS that keeps spewing from the company.
I will admit they are a business. I will admit that they probably do have revenue ($9M, I question that, although they may have said it). I realize they have to make the "business" in line and clear things up to up-list. That is perfectly fine, but direction and information from the company is what is needed. A PR with a statement of ... We have $XXXX in debt and we need to clear this from the books, our plan, dilution. We have a 10K due and a 10Q due, here are our definitive days we deliver these, no excuses, they will be delivered. We are restructuring the business and in doing so need some funding for new product lines, new technology to run the business, etc... we plan to use dilution to fund those expenses.
If they want to up-list then that is the stuff they SHOULD be doing now, because that will be expected from shareholders when they get on NASDAQ or wherever they choose to up-list. Also - meeting their deadlines is required as well. Failure to report their 10K and 10Q in timely manners (outside of the NT) will give them a delisting notice. Hence me always saying they can demand the accountant have the 10K and 10Q prepared in a timely manner. How come so many other companies can demand it but FLES cant? Makes me think they are doing some nefarious stuff and hiding behind the "accountant switch" trick.
Just being honest and straight forward with the shareholders, releasing PR's explaining what is going on, will do so much better for sentiment than hiding behind the veil of secrecy and quiet and let the shareholders guess what is happening. When that happens sentiment is lost and hard to restore, even for new shareholders. I was hoping Tim would have changed after the last shit show called MCGI...
I hope you don't take my frustrations as attacks on you. From your comments, I think you realize where my frustrations are directed. I think you have been a "uplift" to the board here and your positive attitude through all of this is admirable.
Cheers!
