Friday, September 14, 2007 7:19:59 PM
--He saw what happened with the additional shares dumped into the market. He wasn't pleased with it as well (expletives deleted). Suspects it may have been a previous 504.
--He understands that the PR didn't provide as much information as we would have liked to see. The company has a business plan and will go after single or multiple companies to r/m and/or spin-off. They are working hard to push through issues and provide an LOI as soon as practical (possibly a few weeks). Still working with the intent to become a full reporter (SEC filer).
--This is a major Jewish holiday weekend, so there wasn't/isn't much more he can/could do until Monday. He expects a stepped-up promotional cycle starting then.
--As far as Blaise Mazzoni. He is the CFO and is a great choice to perform the function. He has a lot of experience with this type of business. He wasn't named CEO partially due to holding the spot for an r/m candidate's mgmt team to take over.
My thoughts: I could sense he was frustrated with the day (just by the greeting lol). I mentioned the biggest thing that's got us turned off with the company now is the surprise dump and not the lack of substance to the PR. I mentioned that our concerns will continue to be dilution and it's making the stock less attractive regardless of "potential." I at least think he was honest in his reply that suggested the company may need to do things to restructure debt. However, given that, dilution becomes the main issue in my book.
Further research on Blaise Mazzoni:
License Information
Type: Certified Public Accountant
Secondary Type: N/A
Number: CA010346L
Profession: Accountancy
Status: Active
Obtained By: Examination
Issue Date: 1/24/1975
Expires: 12/31/2007
Last Renewed: 5/10/2004
Standing: This license is in good standing.
Disciplinary action history: No disciplinary actions were found for this license.
Blaise Mazzoni had/has an association with Ken Lowman who has an association with Troy Loman.
--Ken Lowman has run several consulting businesses in the past (according to Troy, he is not associated with DVFA)
--Blaise Mazzoni had a brief stint as CPA for Homeland Security Network (Ken Lowman was/is IR) ( http://www.hsni.us ), and is the CPA for GEMZ Corporation ( http://www.gemzcorp.net )
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