I think I've said this a few times, but the quarterly statements and annual statements are a mess. You've pointed out, and the whole Florida building thing was handled poorly and not reported correctly on any of the balance sheets, including the reversion. So, they are sloppy, so that point you've made I agree with.
As far as John Murphy, I agree he does very little. Until recently, I don't think he owned any shares at all of the company, so in many ways, he had no leverage, even if you want to assign Hero status to him. He failed to deliver, with no real stake in the company for most of his time anyway, there was little incentive for him and no power if he wanted to do anything. Some of that is his fault, so I agree he is a "not-hero".
Apart from some light trading down at these levels, there isn't much going on with the stock price, and I really don't expect anything to happen with the company. If they wanted to make this a real company, they could have done it with the building purchases. At the time, it was possible. I don't think they can raise that type of cash now. Since Mr. Murphy, in his day job, is into commercial real estate, I think. I don't think he can even flip houses like some HGTV project. I'm not even sure they can even raise the funds to do Taco trucks, as I've suggested, somewhat in jest, in the past.
So, we sit here and watch the dilution and see what happens when the next eventual reverse split happens. I think you and I may have disagreed on the timing of that, but I may have misunderstood your point there in previous posts.
I'd love to hear a bullish case for this stock/company, but there doesn't seem to be one. Good luck, and have a good weekend.
