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Monday, June 14, 2010 11:44:30 PM
I suppose some shareholders want management to telegraph all of their intentions, plans, etc. so that they can weigh them and decide whether or not they approve. Sometimes it seems like people posting here are saying "I own 1/1000th of your company and when I say frog you better jump!"
It doesn't work that way.
While I agree, based on the leaked video, that too much has been going on without proper notice to shareholders; there is another aspect to this in my opinion. Trying to put together a nationwide tower network on a shoe-string is enough of a challenge without telegraphing your moves to the major carriers.
Two new law firms have entered the picture (evidently related to patent infringment). Partnerships are being sought and other buildout is ongoing.
This is a penny stock. Any money invested OUGHT to be made from discretionary funds.
Just like any other investor, I want to be informed. But I also appreciate that there will be times in any business when spelling things out for the competition could doom the best laid plans.
If you've lost trust in the leadership or can't afford the money sitting in a developmental stage company, then you probably need to move on. Cheaper shares for me. Thanks in advance.
All jmo.
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