Sunday, July 11, 2004 3:02:17 PM
The fact is management has said they would report to the SEC three times and never done it. Of course they only ever offer an explaination to the favorites that never say a bad word about Peter.
They have also announced three dividends that have never happened. But still they think we don't have a right to criticise management.
Peter's response to my e-mail last week was that I should sell if I don't like it. Well I like the tech and that is why I'm here. But the fact that management has made several simple promises to pay dividends and report, yet has never done either is why the stock is at these levels.
If you combined the progress they have made with this technology with a credible management team the stock would be a lot higher in my opinion.
Then they issue themselves 10 million shares. I wonder if these "consultants" are the ones that had the great idea to change the ticker three times. I wish I could have gotten a couple of million shares for those great ideas.
The problem isn't naked shorts. It is the lack of credible management. It is almost as if the technology has the huge potential in spite of management.
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