Just got home about two hours ago folks.....and had to take time to digest today's events. Here are my thoughts......
1) I noticed VERTu essentially stopped offering shares for sale about 2 or 3 days ago......so, my radar told me something was up. This was not exactly what I had anticipated....that’s for sure. Some new MM’s on the bid the last couple of days also......again......thought something must be up.
2) It is extremely frustrating to have watched our company flop around like a dead fish for 3 years now......and complete the circle back to where we started. It is also very frustrating to continue to suffer greatly from the financial pain this company has rendered on me from the use of my hard earned money. All I can hope for at this time, with the selection of tracking products we now offer.......is that some of the big contracts they have been trying to land......come through very soon.....and we get the company name “out there”. It is quite obvious our name is not "out there” and we have not been attracting new investors to the extent we need to.......so looks like they have amazingly gone with the outfit that they feel can get this done for us at this point.
3) I am certainly not pleased with the many business blunders I have watched this company make over the last 3 years. I also am certainly not going to sell out ......so my only option is to hope this company gets it together. I would be embarrassed if I were running this business.......and the last 3 years is the best effort I could demonstrate to my shareholders.
4) I am ready to see HISS start completing the things they say they are going to do. Fred told us all over a year and a half ago.....that one of HISS’s goals is to prove to the shareholders that they can do what they say they are going to do.....and win back investor confidence (sic).........I have yet to see the company complete anything on time, or early, or within or under budget. This has got to stop because it leaves the company with no credibility whatsoever. I was raised with the mindset .....If you say you are going to do something, do it. If you are not going to do something.....then say you are not going to do it. But......don’t say to someone you are going to do something.....and then NOT do it. HISS has an extremely poor record to date of following through on promises, goals, deadlines, timelines, projections, increasing shareholder value, etc., etc.
5) My gut tells me the GTT transaction is going to come to fruition.....and pretty much on time. In my mind, (assuming it happens).......this will be practically the first and only thing that HISS has come through on in the 3 years I have been a shareholder. I do think it will happen, and I also think we are entering a turning point for the better.....although it looks like a Laurel and Hardy rerun presently.
6) I’ve read every one of your posts tonight, and I totally sympathize with all of your feelings. I don’t think our guys are crooks at all......but even I will have to admit they have done a very poor job of executing the business plan.....given 3 years in which to do so. Again.....I think better days are ahead. We can only go up from here. How fast or to what levels we will attain.....I do not know. I do not think this company is going away....no matter how bad everyone feels right now. I just do not see it happening. Frank Moody took this company public two years too soon....and we have all paid the ultimate sacrifice for his greed. In my opinion.....right now would have been the perfect time to take HISS public.......so.......it is what it is.....and here we are.
7) There may be a pearl in this whole thing yet.......so, I’m riding it out. We need a home run, a hole in one, some luck for once......and some $%*&#@)**&^%! SALES. I am so past ready for this company to start making a lot of money and quit talking about everything under the sun. The shareholders deserve better.
8) We’re in a transition here......not how I had it pictured in my mind.....but this company is not going away. Sell some merchandise Fred and take care of your shareholders. We deserve better than the ride we have been on.
Now I am going to proceed with a couple of glasses of wine.
Unbelievable is a fitting description for the last three years....no doubt about it.
Vancouver Island, British Columbia, Canada August 2006
AI
