In response:
wobblenuts, there's no guarantee at all. But if the company didn't care about shareholder then why do anything?
They indirectly stated this by signing the contract for the convertible debt note knowing that shareholders would pay for the debt directly, if they could not.
Why be a reporting company?
To play the game and to be legit.
Why put out a letter to shareholders?
To help the sale of the stock.
Why keep partnering with other companies? Why keep working to increase sales and have overhead expenses when they can just sell stock?
No question it's a business, but they take no personal risk or responsibility to the shareholders, typical.
If the company grows business dramatically, the stock will appreciate in price regardless of management's intentions.
What would the estimated market cap be with the current share structure and a pps in the range of where most got in at? Billions?
i think they care but have created a situation for which there's no easy way out for them or the shareholders. Their letter to shareholders didn't really sugar coat anything. It seems they're trying to be honest in what to expect which is mostly bad.
I'm not at either end of the spectrum. There's some middle ground to the truth here I think. Time will tell. The BOD owns shares in the company so they have some interest in what happens. I don't think management are ogres nor angels. I hope they help out shareholder in the long term. All I can really do is hope for the best. The rest is out of my hands as it is for any investor in any company.
You said it, "Time will tell".
