Wednesday, March 14, 2007 7:33:24 PM
I definitely don't feel that shareholders want to manage this company. However, a company CANNOT ask repeatedly for investments and not expect to be held accountable. Every major investment I have is monitored. If they are hitting targets reasonable closely, completing tasks they've promised, etc; they won't hear much complaining. Skunk you have to remember they've missed a lot of targets and still have a lot of work to do - though I tend to agree everyone does not need every detail.
The subject matters that are important to us, IMO, seem to be:
1) How much cash is left vs burn rate - Break-Even (B/E) Anaylsis
2) Feeling good that we won't be diluted in our stakes any further
3) Becoming uplisted to liquify our investment, and making whole original investors who've been here for such a long time
There are other things, like store openings, but the above questions, once they are answered, can help us all make good decisions on our investments.
My opinion is that none of us investors should make any apologies for asking the hard questions, it's OUR money at stake. If the forum is shut down for 8-10 weeks, I think this is showing the company growing up. We don't need to be appeased every two minutes, it's like refreshing your portfolio value every day. It's an investment...
If you read my posts from a couple weeks back, I recommended that they don't do any more CC's until a total of 20 stores were up-and-running, sounds like they're reading this board! These guys have so many better things to do with their time, and we by all means will have a great feeling by May/June as to whether this company is going to make it, or if this is all hype.
$.07 seems like a decent value for the stock, but that's just IMO. I'm not buying more personally, but I have plenty and apparently some of us will have 25% more soon.
Good luck, and I appreciate the postings regarding the call - I really wanted to make it... Looking forward to the next couple months, sounds like they're getting organized! Wahoo!!
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