Friday, March 20, 2009 12:53:14 AM
Steve like many pinky CEO's before and many to come inflated the expectations with a series of dishonest PR's with timelines which were fraudulent and dishonest. A man is only as good as his word.
This was done to increase interest.. to drive share sales to fund the projects. I get he needed capitol, but to overpromise and under deliver is what keeps many investors from trading in these markets and it's why interest here dried up.
When Steve laid out well balanced, well timed PR's indicating results the buyers came. When you announce predictions (safe harbour aside) and fail to follow through you waste an opportunity to separate yourself from the pond scum you commonly see in this market.
Damn shame if you ask me. Great service. Telling me he is going to build Rome between 9:30-4:00 with a series of fluff PR's is the surest way to collapse investor confidence. I invest with a group and have had powder lined up. This isn't even on our radar anymore, just checking in every few days to monitor what we have invested. GL
Everyone is accountable all of the time...Rudy Guiliani
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