"Only one month ago Rocketeer...posted:
"I respect Bret's silence more than the other guy's bogus claims and deadlines. That said, many companies and people have great ideas- making them commercially viable is a whole different game. Bret has his shot now and I'm willing to give him some time to see what he can do."
Yes, I certainly changed my thinking, mainly because as I said previously, unlike me, nothing materially has changed with NNLX (except the share count). Let's talk about Erie: Tell me Parents, what "projections" do you think must be met for Erie to be realised by Spring 2008? A government grant perhaps? Sales of an as yet unapproved testing kit to support installation and maintenance? A partnership with a big household named company? And that's only the financial question.
"In essence, Bret Barnhizer and the BOD are working for their equity position only; THE QUESTION IS WHY? "
I'll bite: because they have to. Here we go again with the appearance of solid support. As if NNLX had coffers full of money for salaries and the noble, truly supportive officers CHOSE shares. Get SERIOUS; it's the only printable paper they can afford. And make no mistake about the dilution chipping away at the value of your shares.
BTW, Bret bought his 2 million shares on the open market with the same 411 as you or I had when Feldman called the shots and signed off on the PRs. He believed exactly what you I believed and what we now know was grossly exaggerated.
I liked the story here; it was an investment that I wanted to work on a financial as well as an ethical level. And you know what? As the markets screams to new highs, and NNLX drifts painfully downnnnnnnn, I have no doubt that I'll be able to buy into NNLX in the next 12-18 months at Friday's closing price or lower if I choose to do so.
Keep the PomPoms warm.
