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Tuesday, June 22, 2004 1:00:16 PM
It would be nice if they were more forthcoming at times, but according to Peter there are good reasons for not always being... not sure I totally buy that, but at the end of the day, I do in fact trust Peter to look out for my best interests. I don't say that lightly or as a school girl with her first crush... I've met and dealt with 100's of CEO's over the last 23 years and most of them would sell their mother's down the drain for a buck. To my satisfaction, Peter is cut from a different cloth, but tat's for each persons own comfort level to decide.
I also understand that Peter is very optimistic... you'd have to be to think you could beat giant Macrovision (which we have) with a tiny little company... and that events are fluid for a small company, hell even for a big company things change all the time. So I believe that Peter gets ahead of himself at times simply because he is excited about what he believes is about to happen... that it changes or gets delayed doesn't alter that his enthusiasm was genuine.
It's like saying "Bush lied" when the truth is he was just wrong... that intelligent people don't get the difference amazes me.
One certain sign that things are getting a lot better is that legal council has obviously told Peter to shut up and not talk so much... that's happeneing because there are finally real events that are going to matter relatively quickly.
Not saying you don't have a point and it's not difficult to sense your frustration, but I chose to see the glass half full at this juncture.
So you can spend a lot of time getting your panties in a bunch over admitedly real, but minor issues or focus on the ones that matter. Dividends have only ever been contemplated as some sort of ruse to curtail naked shorting... keep in mind however, no one has ever really been very successful at stopping it, so these attempts are somewhat hypothetical. We don't even know that it would work and imo it won't... simple is always better.
Unfortunately the reality is that Sunncomm probably has some skeletons that preclude it from being a useful vehicle to seek listing with. That's where QTIG may prove useful... I don't like the shenanagins anymore than you do, but I believe we are going in the right direction and the OEM announcements are certainly the strongest indicators of that.
Btw excellent research and presentation on this issue
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