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Thursday, October 04, 2007 7:58:25 AM
Gene went into this with a full head of steam and made some really awful mistakes. I don't doubt that he knows the music business, and with time, I think he'll be able to get a better handle on running a public company. It's surely not an easy task, but right now, that's the gamble I'm taking.
Among other things, I'm really disappointed that we lost the USS New York project. Like a lot of people, I jumped in this to play the short squeeze. I stayed in because of that project, but I also liked the people that Gene surrounded himself with to help run the company.
Right now, the Christmas album is the only thing I see as a possible revenue generator. Even so, I'll take that with a grain of salt until it actually hits the shelf. Also, while not a country music fan myself, I just don't see a Christmas compilation album generating ground breaking revenues. As long as we can cover costs and generate some kind of profit, I'll be happy. At this point, I'm considering everything said by this company to be fluff until proven otherwise.
I sold half my position a couple of weeks ago to minimize risk. I would like nothing more than to have the company take the right steps and make me regret that decision down the road.
On a side note, I find it funny that I even participate in discussions regarding Pinks and OTC stocks. I own big board stocks as well, and I've never felt the need to discuss those purchases, or justify why I bought them. Why do we have to participate in discussions on THESE stocks? Are we really just doing DD or are we trying to convince ourselves that we bought shares in an honest company? I dunno, but the latter scares the crap outta me! :)
GL everyone, and sorry for the long post.
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