Randy - you posted a reply to me that is illogical and proves the OPPOSITE of what you tried to say! How can you "already have the shares in certificate form" if the gold buying is still going on each weekend? It shows that the purchases were made for a WHILE, just like I SAID, and then STOPPED ... just like I said. But here's where it gets slimy. Wilf made a big PUBLIC point about the shares being bought EVERY week that gold buying occurred. IN fact, he said he would post the purchases weekly on the blog. (That happened for three weeks.) His statement gave me, an INVESTOR, information that said the company would be in the open market, buying shares, almost every week on an ongoing basis. That public information helped push me off the fence to BUY SHARES. Knowing that the stock would be supported by an ongoing constant buying from the CEO for the employees was something that gave me a good reason to buy this company. Follow me so far? I bought shares partly based on a public post by the CEO that was stated to be ongoing. Whether I should or not is irrelevent. This is a public company, and the CEO made a public announcement saying something would happen. I trusted that information, and bought shares partly based ON that information. After all, the price of a stock is mostly supply and demand. WIth an increased demand in shares every week or so, it would give an advantage to the stock going UP as opposed to down. See how that is a public announcment that could influence investors?
The promise of an ongoing purchase for employees from each week's gold buying was NOT kept though. It happened for a short while, and then stopped. When asked about it, Wilf replied to other parts of my emails and posts, but ignored that part. Why? BECAUSE HE WAS NO LONGER DOING WHAT HE PROMISED, AND DIDN'T WANT TO FESS UP TO IT. Randy, THAT is the shameful part. He publiclly announced he was going ot do something, and then would NOT state that it was no longer happening. And that lack of buying pressure was a material change in market conditions, and he made investors (including me) believe something was happening WEEKLY that was NOT happening weekly. That is shameful! Still!
This is a public company. For the CEO to say something that would materially influence investors, then not do it and not reply to questions as to wehter he was doing it, and for you as (Whatever your position is) to attack the investor for saying the CEO was wrong, is also terrible! If the SEC got ahold of these posts, I think you would have some explaining to do! And no, I'm not going to send them in. I don't want to have the company bite the dust. All I've ever wanted was HONESTY. WHen it ws stated that the guest divers would pay enough to fund the operations fully, I asked how it ws going and was ignored. When we were told the artifacts would come home in 2008, and they didn't, so I asked when they would come home, I wsa told no one would say until they arrived safely home. But they were already said to be coming in 2008! Revenue from their sales was stated to happen in 2009. Now we are in 2010, and they are not home yet, and another statement that influenced investors to buy (A revenue stream) was reneged upon. And when I complain that truth shows yet another broken promise, I don't think you should attack me back while PROVING that I was RIGHT with my complaint in the first place!
And that is why I sold my shares. Broken promises and blind employees who won't admit wrongs or errors. That could get a company shut down for misleading investors. I WAS MISLED! I don't want to be holding the bag if that day ever comes. And I'd feel SORRY for those that were holding stock. (I'm not one of those that laughs when bulls lose money. I think it is terrible when it happens!)
The company lied. YOu confirmed that the lie has occurred by saying the certificate for those shares is already issued and giuven out. If purchases were ongoing weekly, new totals would continue to arise. I'm surprised you are not a little more upset about it though. After all, the people not getting shares on an ONGOING basis, nor having the price of their existing shares go up because of more purchases in the market, consist of the employees. IN simple words - YOU.
So shame on you too, for your attitude of bashing investors who state they don't like to be lied to. Shame on you for defending a lie, proving it IS a lie, and then trying to say it is the truth.
Randy. Answer this. Ignore all the rest if you want, but answer this. Point blank. "Is 1/3 of the money (Profit) from the gold buying being used on a weekly basis to buy shares of stock for the employees?" That is what the announcement was. Is that happening? Yes or no. Has there been a purchase this week? last week? This month? For 1/3 of the gold profits. Answer that, and then let's talk rationally, you and me.
AI
