Dear Phil. Just another bunch of words with no definate timetable. You grew to fast and did not inform people of your mistakes along the way.You lost control and instead of hunkering down you went all over the world bragging about you and the Co. Very bad Move.Then you looked for sympathy after puliing an all nighter. Brutal. You are now updating the finance dept? That should have been job 1. But you and Lutz, who should also be fired, continued on with being late and inacurate. Any C.E.O. worth his salt knows that the finaces are a backbone of any business. They provide, proof, trust, and a way for potential investors, and short sellers to keep score. Your letter is to little to to late. It is time for you to resign and do what you do best, sell. No more letters that don't have one single concrete bit of news. No more PR's that dont have concrete news.You have dangled a carrot in front of investors while the price of the stock has plummeted to such an extent that debtholders are reaping huge benefits from the downturn while we get dilution. Fire the C.F.O. also. You have made this Co. your own little castle and it is made of sand. You are not qualified to run a $75 million a year Co. no less a $120 million. Clay
