JR: You posted "Peter has admitted to making mistakes but he is determined and focused to make this go. It is all about funding and if/when he gets it together, this will be a winner, imo."
Trade says:
Imo as a businessman it is largely about what you do with the funding you get that is really critical and what it is all about, not merely fund raising.
Assuming you IPO as RXPC (did) and get $$ through floating stock (as was done from what I gather), then it becomes most important what is done with the $$$$. Are the $$ used effectively, or frittered away with nothing to ultimately show for the $$$ through poor management? In this case what is left? A new shell with no assets and no cash? If that is the case, then I have to seriously question someone's judgment, regardless of intent. What will be different this time? We have a new IPO for more $$$ then what, use it effectively, or use it as before? **That is why a game plan, and "Walk the Talk" attitude for a change is needed, (for the 50th time).
Imo the someone's credibility needs big time damage control due to the past results, and the resultant lack of any obvious/transparent shareholder value. I truly hope he has learned something from this mess, (something to increase, not decrease shareholder equity, we now know what that looks like). Actions, or the lack of them will tell the story.
New terms for our corporate dictionary:
How about: ROI and ROA, Net Income and Stockholders Equity, after all it is what the shareholders want, shouldn't we recognize it and define how we should attain it? None should bother with more platitudes, arrogance, and baloney, like the BB listing July 1st, the non functional website, or the 96 for 1 reverse just pulled off. Positive Actions and Results, not manure, this ain't agribusiness and he doesn't yet work for Miracle Grow.
**imo let the very positive outsiders step up to bat. If this is such a great deal then they never would have sold imo. imo preservation of capital can not be the major reason for selling if so much faith in Peter and the venture still exists, if this thing is such a highly probable success, as you implied before why would anyone sell this gold mine?lol You indicated a bright and positive future. Stocks are a bet on the future and not the past, so you would make more in than out, heck you could miss the train. lol
The critics (roughly 98% of the posters now) have thus far been proven to be close to 100% correct and the promoters (2% of the board)close to 100% wrong, so it seems quite apparent why some preserved their capital while still being positive posting they lost faith that it would happen and they would have lost their money.
To your credit:
Your faith was telegraphed though it certainly appeared unintentionally by: calling off the SC advocacy, canceling the IR consulting deal, resigning as moderator, none of which are the actions of anyone with a lot of faith in this
mess, regardless of how much you personally like Peter. Those actions (as I interpreted them at the time) signaled to me that it was time to either jump out, or let this go to zero, and see if anything would happen, since its most fierce advocate was abandoning ship and it was very late in the game.
No doubt in my mind, and I have always respected the transparency of your actions, it always signaled, "Shareholders Read Between The LINES" Unfortunately, many waited until the third signal and by then it was too late for most to salvage anything of consequence.
There is no amount of pumping/promoting, especially by him or any of the past avid supporters that will do anything other than pizzzzzz off bagholders. We bagholders want actions not PUMPs and Platitudes about: we're gonna and we hope to, and it is anticipated. Nope just RESULTS who knows maybe we will get back 1/5th of what we put in or some such. I am confident *if he ever gets any results* then you may get back in, *but not before.
This shell game old for new will either work or not, in the interest of the shareholders, but only Actions will Dictate that.
AI
