Well...there has to be a reason the management needs more stock or they wouldn't ask for it, but that hasn't stopped them in the past.
What is the business experience of the current management? They seem to perform well in academic circles.
Frank Vazquez is the only one who claims to have been responsible for a payroll prior to joining the group, but in reviewing the S8's for Lark Technologies he is only listed as a director, not the President/CEO from 89-99 that is claimed in his biographical information supplied by CYGX.
Of the whole group we should be most concerned with the CFO, a CFO who might have finished high school ( I don't know what academic prerequisites are required to "take a class" at the University of Vienna ). This CFO, who's only previous stock experience was as a "financial consultant" at Josephthal, is responsible for creating a sound financial base for this company. Disregarding the extra 100m stock issuing problem. What grade would you give him - does his experience and ability give CYGX shareholders confidence? Better yet, what confidence does he inspire in business associates and partners?
Well..at least we have an outstanding CEO. His resume is terrific. He has business experience - five years worth. The stock price which, we all agree, should be higher than it is has barely broken the dollar mark during his tenure even with, what to me are, sensational news releases at least twice a month. He has consistantly failed to follow through. Perhaps at age 69 he will be retiring soon, I'm sure if he does, he will be able to put that newly approved and about to be issued stock to good use.
I believe The Technology is fabulous. I think The Technology is languishing because there are no Business Men in management. This company's management team was not selected on the basis of their business success. The management is made up of men who were selected because of their resumes, or in one case in spite of it, who looked around for something to sell and the only thing they found (and the easiest to sell) was The Company's Stock.
Some very serious questions need to be asked...
AI
