Welcome to your first visit, KMP.
I liked the CEO's response. It wasn't dismissive. It was firm. And the quesiton was disrespectful and unprofessional. I've sit in on conference calls live all the time of big cap companies. I'm thankful that they even give a conference call which is not normal for a micro-cap. They published it very fast too. Unlike NROM, for example, a microcap whose conference call "vanished" and never got transcribed.
This one follows the same MO from the start. Always saving money. Like the "third-grade accounting" they started with. And today, on the SEC, clearly showing the sophistication they were capable of in those "third-grade accounting" days from an alleged self-proclaimed expert with a passing grade for a title.
Normal conference calls don't let anyone in except qualified analysts. And real analysts don't behave that way. And CEO's are generally strong people. I defer back to Mark Yankee, the President of the Houstonian, who always said take crap from nobody. And Zac is not the type to take crap from my profile. And I like that. He handled the caller in a much more professional tone than the one he was given. Being a doormat is not respectable to me. I defer again to Mark Yankee.
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The optics on form 4's may indeed be bad. But it's not a deal breaker for me. It's the toxic financcing as *I understand it* that is much more of a concern. Still, there is a way to value with fully-dilutive measures as well.
I am thankful we have conference calls. That is not law. And I'm going to attend next time just out of respect. Becausee it's rude not to show up for these things when people go out of their way for us.
That being said, you don't double down on something if you are wrong. Like our President. That is bad behavior. Anyone that is a Trump fan and at the same time, considering Zac "hostile" would be a hypocrite. I haven't seen any behavior like Zac calling someone "fake news" because they asked tough questions. He just simply said "you are wrong" and explained why. Facts. Terse.
I haven't seen any such bad behavior on Kern's conference call. Then again, I don't think they are just letting anyone in the door to attend either. If it was up for me, the dunce-hat table over there would not bre allowed attend anymore. They would go into the Fox News category. LOL But, that's just me. :)
