what's the challenge? facts speak for themselves. here's some questions for that "ceo challenge":
-you said you wouldn't dilute, twice. shareholders discovered you raised the A/S, twice. you made a video saying just how tough the decision was to dilute, twice. should shareholders believe you when you say you won't dilute again, just this once?
-you've been/are in legal disputes with your vendors, shell broker, consultants, primary customer and past employees. a petition for a shareholder lawsuit against you is gaining traction. where will the resources (capital and personnel) come from to resolve litigation without further dilution and ceo distraction?
-you publicly announce bids for eeso, their terms and your rejecting them as "lowball". you've named the insider-lead group that knew your company intimately yet didn't consummate a deal, but you're supposedly prohibited from identifying the "major international conglomerate" that also bid for eeso. did you get legal counsel for this highly unusual gag clause that has decimated your credibility and share price? what forces you to honor this destructive and ridiculous request? is that conglomerate not interested at the original or currently eviscerated price?
-135mm "projections" have recently been scaled back to a "goal" of 10-20mm, at which point you'll be "wildly" profitable and no dilution will be necessary (except your pal's dad's note). if wowgreen was as much as 80% of projected revenue (hard to extrapolate from the lawsuit) there was still some 20-30mm forecasted from non-wowgreen sales and weeks ago you said previous customers were buying more this year (hopefully paying more of their bills, too) and the company was never financially stronger. you've had three opportunities to "have that number in front of you", but flailing and failing to do so further erodes your credibility. whether that's with "2 active, 5 dormant" or "35 signed up and active" salesmen, nearly three quarters should give you an indication of progress toward either benchmark. these are aren't small numbers you're tossing about. so, once again, how are sales going this year?
that's just off the cuff, for starters. not invested but willing to conference call that challenge. not about to head to fort wayne to sit with this putz.
