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Wednesday, April 04, 2007 1:25:16 AM
Many years ago I invested in this company. At that time is was under a different name and symbol. It ended up being a 700 bagger. Out of what is probably a dual sentiment, one being my largest percentage gain ever in the market and two it might possibly happen again, I have watched this company ever since covering a span of about 7-8 years. Unfortunately all I have observed during this time has not been shareholder friendly. The management of the company has not changed, but the name and stock symbol has changed several times. They have done 4 reverse splits in the past 5-6 years. A fairly constant stream of press releases is issued to keep interest in the company alive while millions of shares are dumped into the float, many by convertible debenture holders that have traded their cash for company shares. The authorized shares are now 100 billion. I'm sorry but in my opinion a company that operates like this holds the interests of their shareholders in pretty low esteem. In a nutshell that is why I am down on this company.
I wish you well now and in the future
...........al
I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975
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