Tuesday, September 02, 2008 12:10:06 PM
While I am very grateful to Linda for all of her efforts and trips out to the company and reporting back to the board, I fear, Linda, that you may have done some harm by speculating that a 10/1 R/S might not be disastrous. Believe me--it would be a catastrophe.
A successful R/S can only come when the company is doing so well in terms of balance sheet and revenues that it has the luxury of trying to shore up the share price and bumping the stock to a better exchange.
I'd like to see revenues 10 times what they are currently. And the company awash in cash, buying back shares and daydreaming about a dividend. Then and only then can a R/S be discussed.
We're not infants here. We understand the implications of a R/S in the current circumstances. The implications are that TSSP is the kind of share-printing scam that the law should not permit to exist.
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