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Tuesday, May 04, 2010 7:30:39 AM
First of, and I've stated it many times CSFC IS CURRENT ON ALL REPORTING REQUIREMENTS. Stop trying to dictate a timeline of your own.
Let me say it again CSFC IS CURRENT ON ALL REPORTING REQUIREMENTS.
Second, CSFC is still in start up phase and most shareholders are not even looking for profitability at this phase but rather further evidence of strong growth, consistent leadership, solid base, steady progress, innovative ideas and good decision and problem solving skills. These are the tools that ultimately give a company staying power and yes profitability. Most agree we are seeing this.
There are countless examples of great companies that built solid organizations while not turning profits for years all the while increasing market share and attracting investors and rewarding shareholders. A solid expample is Amazon which went public in May 1997 yet did not post it's first profit until Q4 of 2001, more than 4 years later. The key was slow and steady growth and a solid base. No one doubted profitability was inevitable based on the solid fundamentals.
This is not to say CSFC won't turn a profit but rather to show early bottom line numbers are only a part of the big picture.
CSFC has strong leadership, a great business model, a strategic plan and transparancy (even if you don't see it). This is what has attracted the many longs here.
In my view you have invested more than your risk tolerance allows. Only invest as much as allows you to get a good night's sleep!
Go CSFC!!
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