Brent... nice post.. However..
While I agree with some of your ideas.. I have to take issue with a couple..
I agree that NO held a gun to anyone's head to buy the stock and it was an individual's choice.. BUT there is the VERY REASONABLE expectation of "fair play" by the CEO... For example.. you stated that the deposition is over and the results will be made known by the company.. GLAD you know that to tell us... BUT WHY can't I ever even get a returned email or call.. I have never called Jim names or yelled at the person answering the phone..?? No JP IMO.. has handled shareholder's in a very poor way... their are the "INS"(which I consider you part of... the "somewhat In's" who get emails or an occasional call and the "OUTS" which I consider myselt to be part of.. While not every shareholder gets the same treatment all the time... THIS is not acceptable.. SELL?? you may say... Well... laugh.. but I am one of the people who bought on almost every PR... you know the ones the SEC has implied "MIGHT" have been misleading!!
I am NO stranger to the market even the Pennys.. but there is NO excuse(as you implied) that Jim didn't handle the SEC inquiry better up front!! I was one of the people who had an order in the day we were "suspended" Thank goodness it didn't go off..
Yes it was our decision.. BUT JIM needs to wake up and smell the coffee here..
BASICS.. handle legal and regulatory issues... PERIOD.. It cost many here a lot of money.. not ALL could hold on even if they believed in the company.. not ALL are in your financial shape..
Second... Quit the baloney... that either you visit and play nice or... you as a shareholder are locked out from knowing what is going on!! Again... those who invest say 5 or 10 thousand may not have the money to FLY out to UTAH to see how many people there are in the building.. and frankly.. who cares.. I think he should be outsourcing the callcenter... not hiring people to take orders..
On not arguring and accepting other people's issues.. well... maybe not particular person.. you certainly have taken issue with what many here have said.. the no gun to the head issue certainly implies to me that the shareholder should know that in a penny stock.. the CEO could be inempt, crooked, lazy, pompus, and whatever else he wants to be... EVEN AFTER several eyewitness accounts of how honest and great he seemed by you and others..
Hey.. we all know that half the people here are pumpers or bashers not here to really share information.. but.. to pump and dump... OR BASH to buy lower or RUIN the company..
However.. sometimes.. your gut says... while this person isn't perfect... They probably aren't lying.. then you see PRs to back that person's statements.. well and you believe that they are to be "somewhat" believed.. Such is the case of you... IMHO...
But.. don't judge so much on what a person should or should not have done.. Do you blame the ENRON shareholders for being stupid?? or saying that they shouldn't have believed the CEO and/or their PR's??
Thank you for your message... at least we can expect a PR soon... of course I am sure you have a better idea of WHEN than we do.. but at least we know Jim THINKS he is going to release one.. Just like he 'seemingly' thought we were NEVER going on the greys and that we would be trading within the 10 day suspension....
Finally... when you talk to Jim, since many here can't even get an email.. Please tell him his slip is showing, when his ending to a "shareholder's" update says something like thank-you for investing or interest in "MY" company.. it is all of ours... not just his.. IF he wanted a private company.. he should have went that way.. Then he wouldn't have to WASTE time with shareholders who have a question or two.. and only conduct business...
I wish Longs good luck in the upcoming weeks.. and again thank you for the information you post that MOST of us can NEVER get.
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