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Thursday, November 13, 2008 6:41:39 AM
Additionally, you need to consider that the stock is so depressed compared to Shayne's bogus claims of value, that, in order to establish any sort of confidence in the market, the company would need to demonstrate their own confidence in the value by a more aggressive strategy, one that confirmed this value. I was in this market full time for around 20 years and I know all the reasons company's buy back stock and having been a professional penny stock watchdog for a number of years, I think that qualifies me as being beyond savvy to actual expert status.
I will, however agree that his current strategy of not buying shares at this level is "based on facts that are known only to him and the O/D's."
They know the true value of the stock and obviously have decided that this is not "on the cheap". Let's face it at $.02 he would be buying at 2% of alleged book value and a small fraction of alleged revenues as well. If that isn't "on the cheap, what is"?
So, let's not describe as "clever" a man who has betrayed the trust of every shareholder in this company, a trust he so "cleverly" gained through sheer deception. Deceitfulness is not "clever." And besides, you claim he's clever for buying back stock on the cheap. Let me remind you that he isn't buying back stock, on the cheap or any other way.
As to your claim we are "playing in the dark", well, that is true to a degree, but, as Shayne continues to make hollow promises and false claims, an amazing clarity begins to surround this stock. There is plenty of transparency when a company outright lies to the market. It tells us that the company us run by liars. There is amazing transparency when a company claims to be generating tens of millions in revenues and claims to have a book value of $300 million and, despite alleged positive cash flow, allows their stock to dwindle down to under $2 million. The only place where transparency does not exist in this company is in Shayne's refusal to provide substance to his claims and we all know why that is... because there is no $300 million, there is no tens of millions of dollars in revenues and the man who will not even acknowledge his own name is not a buyer of this stock at all, in fact he's a seller. Always has been and always will be.
This stock was trading around $.03 before I showed up and revealed some ugly truths. Shayne can't revive this stock with more lies, I won't let him. He's only got two ways to go. He can PROVE his claims by documenting them through audits and the like or he can demonstrate his belief in the value of the stock by aggressively supporting it at something approaching his claimed value through a corporate stock buyback where shares are retired once purchased. Heck, even supporting the stock at half of book would prove to the world that the company knows what it's worth, even if it won't prove it any other way. Without one or the other, this stock is toast.
JMHO
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