"Press releases do in fact cost money."
Once a press release is going to be made it really doesn't cost much more to include more information. The "important" information shareholders want and need could easily be included along with the usual fluff and hype that the company seems to think is the only thing worthy of a press release.
The company "chooses" to press release meaningless info like this-
"today announced that its lighter than air (LTA) unmanned aerial vehicle (UAV) program is entering a new phase that encompasses a more rigorous series of preparations"
Yet in the same press release they "choose" not to let shareholders know if the Navy experiment is still on schedule, they "choose" not to report if anything came of the last "demonstration", they "choose" not to tell us if the S2A has been overhauled, they "choose" not to mention if anything has been settled with the IRS, they "choose" not to update us on the SEC investigation, they "choose" not to mention the debt and lack of revenues, they "choose" not to tell us why so many have left the company and are starting companies with better technology in the same business GlobeTel would like to be in, etc... etc... etc...
In other words, the new GlobeTel operates just like the old GlobeTel. They use their press releases for meaningless fluff and hype and still "choose" not to level with shareholders and be honest as to what is really going on and the state of the company.
AI
