Now to that I do not disagree, I am not saying I am a happy shareholder, nor am I thinking, well I loved it at $0.20 so its a steal at $0.05, but the one reason, and only reason I have not sold is, to date, I see no way in which Carnes or any other insider could have profited from this.
The money Carnes invested, the time he spent cleaning up the shell, the time in court to get the share reduction and to bring what would appear to be a reputable CEO (government official at that - well depending on what you think of government officials) with expertise in the field of the company they acquired, none of this makes any sense at all.
I've been doing this an awful long time, and on paper, this is a dream come true, however, has been totally mismanaged. But with all that said, I just don't see how anyone other than swing traders and flippers have benefitted from this stock at all, especially Carnes.
I don't invest what I can't afford to lose and have a significant investment here, and although I don't like to throw money away, this one intrigues me and I'm gonna stick around and see how it plays out, if I lose it all, I'll put it down to experience and move on, won't be the first time. If it hits big, I'll puff my chest out and pretend I knew what I was doing, likely brag about it to friends and family over cocktails, but either way, I don't profess to know what is going on and I am not going to make false accusations and statements and claim them as fact without something to back them up like some (who maybe associated with Delilah!)
Best
Chuck
