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Thursday, January 24, 2008 12:47:52 PM
Firstly, I have no reason at this time to think that Regions does not have substantial assets. I can't believe that Jerry is that foolish to think that he could state everything that he did state, and simply transfer assets or illegally get monies that rightfully belonged in the company, by doing things that will easily be proven in litigation to have been fraudulent. There are many shareholders with deep enough pockets to make life extremely uncomfortable for people who lie and steal. And I'm sure that Jerry is aware of the sentiments of the shareholders, and how he would face lawsuits, etc. that no one would want. Maybe he's just a putz of a businessman. It's wasted energy to speculate.
Additionally, although the new direction says no more oil & gas, these new people cannot be stupid to not maximize what assets are in the company.
Secondly, I believe that when we get information in the next 30 days or so, it can't be anything but positive. And over the next 6 months, I think that the people who run this new company will start to develop revenue producing actions, be it events or otherwise, and the prospects for a sizeable rise in pps will eventually occur. The entertainment industry moves large dollars, and concerts/events bring in substantial profits. Also, the internet for entertainment projects is exploding. There is no end in where monies can be made.
So I'll continue to roll the dice. As I said before, if it could go to .26 on nothing, who knows what happens on something. I suggest that we just be patient. No reason after all this time not to be.
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