I will answer your questions as best I can:
1. Are you at all concerned with earning a return on your investment? Of course I am. I have two sons who also hold a sizeable chunk of SGCP. If I weren't interested in this company making a profit (and me too), I would have sold and left this board a long time ago.
2. Have you lost 80%+ of your investment like many of us have? No, I have not lost 80% of my investment. I have averaged down several times, but have more in this company than I would have preferred to have. Of course I am under water like everyone here, but I have not lost until I sell. This a pink and the risks are high, but I believe they will pull this company out of the doldrums and make us happy. I hope all who are under water get the chance to recover losses and make a profit, but if you bought this at .20, you probably have a long wait.
3. Would you agree that this leadership team has not been shareholder friendly? I absolutely agree. The dilution and vague PR's are what got me to contact management and try to find out wtf was going on. Am I more informed than most on this board? No. But I am not going to stand by and wring my hands when I can try to get management to open up to us and realize that we have a right to know the facts.
4. Would you agree that this management team has not communicated well and been less than honest in their PR's? Communications are a big problem with SGCP. They are trying to be more transparent (visa vi the weekly CC's). The next PR has to have some meat in it and give us more information, good or bad. I really don't think they are dishonest, but they need to explain to us why the extraction numbers have not increased and what they are planning to do to increase them. They have stated that we will see a financial statement by the end of April. I am banking on that. Also the FCC filings in July/August.
I don't work for SGCP and have no superior knowledge of the future of the company, but I like a good fight and I will push management to be more forthcoming with information. I think they are getting our message. Like I said in previous posts, we all have an opportunity to discuss concerns with John. I hope your take advantage of that. John is in Cleveland. If push comes to shove, I think a group of investors should pay him a visit and get a face to face discussion with him (and Doug if at all possible). I think John would be OK with that. I am game to spend a few hundred bucks to satisfy my curiosity and get the true skinny from them. Until then, I am OK with the CC's.
