Pauly, thanks for all your efforts in keeping some sense of reality here on the DLAD board.
As you know, there are individuals who post messages that exploit, misinterpret, draw imaginary conclusions and out right lie about the few facts we receive from press releases and daily trading stats. I personally have no idea what motivates these people to go to such lengths other then to get a some sort of thrill out of reactions from true shareholders such as myself.
I have written messages on this board that have supported the CEO and his decisions over the past nine months, knowing that he is doing what he believes is in the best interest of the shareholders. Now I’m not so sure that he has our best interest in mind. In my opinion he should have disclosed more detailed information of the business acquisitions shareholders, which includes percent of ownership, expected revenue ect. By not giving full disclosure, it appears he is hiding something, and with the Private Cabal and the public Cabal split companies, how can one not be skeptical of his intentions. Not only is this a disaster in public / shareholders relations, it gives those individuals that are unsavory ammunition to kill any sort of life the company has left.
With the small shreds of detail Steven Humphries did divulge, such as FINRA asking more questions (kicked it back at least twice) we have been able to surmise an approximate date of approval for the name change. I believe SH when he said that the lawyers have answered the (hopefully) last of the questions concerning FINRA. This leads me to also believe that this week or no later then early next week we will receive the FINRA approval. I check the website you posted everyday at the market open. Today’s list had three company name changes and I could only verify one of them had file for the name change on 01/21/2010. This coordinates with the last DLAD press release on 02/01/2010 where SH made the statement “The lawyers answered the last of the question from FINRA” last week. This would be the sixth week from that date.
To say the least, I am very disappointed in the way SH handled this fiasco of events over the past nine months, however I think that he still has a chance to clean-up the mess we have before us. With the name change approval announcement I would like to see him answer our questions about the company. If he was to have a shareholders meeting, I would drive the 800 miles one-way to attend. Because we / I have a lot of questions about the company WE own. If no meeting, then a conference call would do.
The bottom line here is…Steve Humphries needs to do what is right with this public company. What is right is to put in writing what the hell is going on! FULL DISCLOSURE! I cannot for the life of me think of a reason why anyone would want to buy a share of this company after what has transpired over the six months.
In closing, lets pray he can pull off the biggest turn-around in history when the news comes out. Because that’s what it going to take to ever sell another share of this joke of a company.
Sorry about the drawn out post, I needed to vent.
Hey Midwest….Day 91 no Bid! (Not, we had bids on Feb. 1st. 2010) Tag, your it!
GOOD LUCK TO ALL LONGS, we need it!
