This thing starts looking serious ???
However, required for our PPS to take off (assuming this is effectively what it seems to be),
- releasing audited FY 2003 financials (hopefully showing some progress in USA),
- identifying who audited Bengladesh financials,
- normally reporting and
- getting listed on a real market
are steps required for Matin to get required credibility to make his (our) PPS represents what we presumably own.
A lot of work ahead for Matin but the year is still pretty young.
I hope he soon (right after issuing 2003 financials),
- starts to come out publicly and
- presents a beleivable NEW business plan.
For the moment, I remain with two main concerns, notwithstanding the recent apparently extremely good news:
1- Matin seems much to slow working toward establishing his credibility in the market (lacks tranparency),
2- Matin seems to continue to accept financing his claimed activities with apparently (if everything he released is true) baddly undervalued shares ("KCA will receive VLVT common stock"). He thereby dilutes us and himself unnecessarely and that behavior does raise valid questions.
For me and many others, to finally give him my/our confidence once and for all, Matin will have to seriously address his obvious major "credibility issue" with the market (by the way, I must say that the dumbazzes continuously posting unsupported affirmations have no influence whatsoever on my beleif).
The market (apparently limited to those involved in our message boards) reaction following this morning release demonstrates clearly that, for the moment, whatever Matin says is taken with total disbeleif.
I hope he finds out a way to address this issue as soon as possible.
