Snow,
It seems that we all have complaint with GaryG, yet right in front of our eyes the year to year revenue keeps increasing. I'm not saying that his job couldn't be done better, clearly it could, but I do believe he's doing something right and in time it will bring us success.
Few companies I've invested in don't have many investors who're critical of management, we all think we could do a better job, and perhaps we could. On the other hand, we might drive it right into the ground.
I certainly wouldn't mind if a new CEO were brought in. If that were done, and if it proved highly successful, I believe that GaryG still would deserve some of the credit for the direction he took the company in when he took over as CEO.
Let's see what the first quarter shows when it comes in. The fact that it's late is certainly a GaryG failure. I believe that he's put in place much that's needed to move up on the exchange, but the failure to produce financials on time will almost certainly delay any uplisting. To me this is something that should be in the company's control, it shouldn't be missed even if in time a revision is required. I understand that there is an added cost to put out a revision, but I believe the cost is greater in loss of credibility when we consistently fail to put out financials on time. I don't care if financials miss, meet or beat expectations, that won't change regardless of how long they hold them. Certainly it's positive if the meet or exceed expectations, but they won't get better, or worse if their held, not being delivered on time is clearly a negative and always will be.
Believe it or not, I believe that GaryG has attracted some good people who can move the company forward, the question is, will it be with, or without him. I think we could do well if he stays, but probably better if he goes. If he stays, I believe by year's end we'll be trading in a range between $.05 and $.10, if he goes, perhaps $.08 to $.15 or better.
Gary
