That's right, ranger, so you can imagine how disappointed the
Aquagold execs were when the pps began to tank right after the meeting we attended in NYC.
At the meeting, they explained their business plan and confirmed the Letter of Credit from the Bank of China for $118M. They showed us slides depicting all of the official ceremonies surrounding the launch of the product, while assuring us of their determination not to dilute shareholder value, only to see the price of their stock sink over the next six weeks. That drop in price has apparently made it more difficult for the Company to move forward in obtaining financing with the most favorable terms. But, of course, that was the risk they chose to take when they entered the pinksheet market.
The lack of support shown by shareholders does not encourage Daniel, Marco and Paul to want to reward them with regular news and reassurance that everything is on course. They feel little obligation to shareholders who are in this for a quick flip while they are working hard to build a company that will be their lifetime achievement.
It is very revealing to see the wild criticism and attacks launched on this message board against these three honest guys. Don't posters have any business experience, even enough to know that a start-up enterprise will encounter many early obstacles in getting its product to market? Everyone should know this. It is common sense. I don't remember the Company predicting any specific date for the completion of any particular phase of its product launch. Everything will happen in due time, and the negativity on this board is not helping, except to assist those who want to buy in at a highly discounted price.
Imagine all of the steps in the business plan where they could encounter complications, especially with the first commercial shipment -- getting the new molds right, getting the labels and caps done, transporting the water, scheduling the bottling of the water, arranging to finance production, arranging for shipping, arranging to clear customs, translating documents, meeting contract deadlines -- all of these things require undivided attention, and if they lose their focus, mistakes will be made and more time will be lost. It's no surprise
that Daniel is not returning calls from I-Hub posters. He would much rather focus on the task at hand to see that everything runs smoothly in fulfilling his contractual obligations with China.
For all of the whiners and naysayers out there, an extra week or an extra month at this point in time may be required for Aquagold to get its production on track. And, reading between the lines of his brief message, I think Paul is saying that if you want to bash the Company, don't expect any favors in return.
AI
