Dino,
Don't worry! No offense taken. All I'm saying is this: I think virtually all shareholders agree the G's are great engineers. Probably some of the best in the automotive business.
But on the Sales/Marketing and commercialization side, the track record is not good. Last year we were no longer in the development stage, we were "production ready". What have we produced. Look at the previously posted link to the 2001 filing and the chart on page 10 of the Form 10-KSB/A, "OEM discussions underway" we were told for FTV, IVT, P&M, CVJ and Ice Tech. Time to commercialization was 9 to 36 months. Those timeframes expired four years ago. What's been "commercialized"?
The only time frame that's ever been given was the hope to have a few of products commercialized well before Vernon passed away, may his brilliant engineering soul rest in peace. I don't have to tell you that even that didn't come to pass.
$8.50 a share times 31 million shares is $263 Million. If each of the technologies (Iso-T and CVJ) are worth over a Billion each, do you think we wouldn't get more than $8.50 in a bidding contest? Heck, that would be a cheap insurance policy for Toyoda alone to sustain their monopoly on the Torsen.
I'm sure someone will take the stage Thursday saying how this idea wouldn't be realizing full value for the shareholders. I'd like to know what there plan is then and when it will be delivered. If I told you I'd pay you back $150 if you let me borrow $100 today, would you do it, Dino? Being the generous guy you are, you probably would but the question you should first ask is: when are you paying me back? If I told you 30 years, or if I couldn't tell you when, you'd probably be reluctant at best! If management is going to promise shareholders a better return than this cockamayme idea of actually selling two of the products they developed, then all I want to know is when!|?
I'm passed the stage of being impressed by CEO Messages and Shareholders Meetings with promises of a better tomorrow. I'm afraid that's what we have in store again later this week.
"Don't confuse activity with results" - Crilly
AI
