Somatic Systems Inc (SMAS)

[rx81]

relaxed if you go back and listen to Conference Call 1 and 2 you will understand why people are thinking this way. It was more of the same stuff...promises that in the near future we will do this and that and nothing happens. Deadlines come and go. Promises of new and exciting news which never comes out. Promises of buy-backs, but dilution far exceeds any buy backs. Promises of audits and financials that never happened.

As it stands, shareholders have nothing to go by except his word that the company is progressing. There's no evidence of anything happening. Sure we were represented at Battlefield Healthcare conference but anyone willing to pay them can represent themselves at the conference. Even the classes where people learn Somatics, they have such a low turn out. When people do sign up, so many of them drop out. There is very little interest and even those that were planning to be future practitioners drop the idea.

Like I've said in the past, shareholders can have faith, but only for so long. CEO needs to show something...in this case specifically, numbers to back up the claim of the company's worth and numbers that show how the money was used. The progress didn't justify the amount of money spent already. We don't even have a DVD finalized yet and that project started a WHILE ago.

I've put mine up for sale as well. I've been a supporter but can't do it anymore. I can't look at a donkey and have Steve tell me that it's a horse when I can see with my own eyes that it's infact a donkey.