Friday, March 09, 2007 10:34:00 AM
He shouldn't have prematurely raised millions from friends and family if he didn't do proper due diligence on a nationwide expansion! I believe they know more about this process since they've started, but it is an achilles heal right now. Excuses won't keep us in business nor grow our market cap. The market doesn't care how many shares you, me, or anyone else hold.
If you don't know, don't promise. It's as simple as that. I certainly pay attention to committments, but I pay more attention to cash flow as well as cash on hand - that to me is all the matters right now, and we won't know the exact financials til they are public. Committments don't pay the bills, execution of the plan and generation of revenues do. There have been many a good ideas in many a start-up companies, only to fail because they executed too slowly and burned through their kitty of cash. The excuse that they have sources of cash is ridiculous in my opinion, any idiot can raise cash today, it's the ultimate time in easy money. Not everyone can launch a successful, financially positive business.
No more excuses, I agree... Bill's nervousness on the call was noted by a lot of folks - they need to get a grip or stop communicating this way. There are some smart investors here who will continue questioning them if the forum is open. My opinion is they are in the "show-me" phase as a lot of investors are now impatient.
Remember each time you read a post that I hold a hoard of these shares, and have a vested interest, just like the rest of ya.
All IMO.
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