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Wednesday, March 21, 2007 5:52:35 PM
That the company was set up for sucker investors to throw money at it and fund the company and then management would RS the stock an reap the reward from all the hapless souls when they converted their 1-1 preferred shares into common.
Unfortunately the management can always find a way to issue themselves more preferred shares and repeat the cycle.
However since management has already shown by their actions how they treat their "investors" one should act accordingly.
It is stupid to throw your money at a company when it is set up for someone to come in and scoop the reward after things are paid for.
While your opinion may differ, that is my two cents worth.
Derb
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