Tuesday, March 25, 2008 8:38:26 PM
I don't dispute Clayton (at least) usually wanted to communicate with investors in phone calls. His people called me a few times - I preferred e-mail, which enabled me to log and save the info described to me. Much better way to conduct DD, unless you just want to hear someone tell you good things and pretty much what you want to hear.
But there is no doubt that those singing the praises of the company, and those trying to sell the company stock, wanted people to talk to Clayton and Co. on the phone. They are marketing and promotion experts - and know how to talk on the phone - or in person. E-mails...those are sticky wickets for some.
But then, Clayton is old news, right? I assume his people are still promoting the company as Novak Capital?
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