I imagine to your surprise....I agree with you for the most part.
I also thought the "panel tech" was proprietary to axia.
I may be a fool but I'm not stupid....so why did we both get this wrong? This is an excellent point and is one of the many things we need to confront Jeff with.
In truth, the "panel tech" is just the construction method they chose to use. I do think it is a very good method for building homes in the areas they are concentrating on. However, axia is at the end of the day, primarily a construction company.
I too believe Jeff's PRs are carefully worded to deceive us into investing. Jeff is great about sounding like everything is wonderful....yet he has never addressed the death spiral this stock is in. He has never told us he has been diluting this stock into the ground! He never had a PR that said "I will dilute shareholders value to grow the company and I won't stop until the shareholders are just about ready to take my life" He never said "I will only tell you what you want to hear and I will hold back all negative aspects of the company" I want to know everything about the companies I invest in...and it's the job of the CEO to make sure I do. If I am misled.....I blame the CEO and I hold him responcible for all of our losses. He will do what ever it takes to build shareholder value. HE WILL DO WHAT EVER IT TAKES! If we as shareholders form a group and stick together he will have no choice. I have said before.....I live about 2 hours from San Diego. I will make Jeff's life a living hell unless he changes the way he treats his shareholders.
I don't feel they "have nothing". They have many contracts and as a growing company operating in many countries...they have had many problems to overcome. Yet...they are completing contracts and making money....although much less then they are spending at this point. If Jeff is not an outright thief then I truly believe axia will be profitable in 20O7..
I believe that in order for the pps to begin to climb we need several things.
1) profitability!
2) A promise from Jeff there will be no more dilution.
3) A website that is up to date and financials that are continually updated.....especially share structure.
4) If Jeff gagged the TA he needs to ungag him immediately. Also, the OS must be updated on the website at least monthly.
5) Any extra money must be used to reduce the OS. Growth must stop! Future growth must come from profits....not by milking the shareholders!
6) The ridiculous AS must be reduced greatly.
7) Expenses must be reduced. Unprofitable ventures must be sold. I want to see complete financials and as shareholders, we need to have a say in reducing what we perceive as waste.
8) Jeff will update us continually and answer every single one of our questions immediately. Without trust and full disclosure we will not be able to attract quality investors.
9) There will be no more deception or "smoke and mirrors"! Jeff will be honest and truthful or he will pay the price. (What is the price?) The price is what ever it takes to make Jeff honest and truthful. I am an ends justify the means kind of guy.
I'm sure we will all find many other things to add to this list....but they will come in time.
I still to believe in the potential for axia...I need many many answers before I will come close to believing in Jeff.
