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Friday, September 24, 2010 10:35:12 AM
He's a very nice man. He actually pulled himself out of a meeting to speak with me. He was very supportive and attentive to what I had to say. Before I even got into it though, he let me know that he saw some profit taking this morning and said he expected it and also expects those same folks to be buying back in at a higher price soon. Obviously he couldn't get into the details of what's going on behind the scenes but he sounds extremely positive about what he's been working on (he just got back from LA on business with some well respected people in the TV/Production industry) and said he has had his shareholders in mind the entire time. That's why he refuses to do any private block placements at a discount or dilute into the float, which is something most CEOs of PS companies do time and time again. This is another reason the float is being accumulated: Brad is doing things the right way and taking time to make sure everything is in order. He was also very honest and forthright with me and basically said that he could also run a promotion like most of these pinksheet companies do, but that would only inflate the price to have it drop soon thereafter and that's not what he wants to do (so there will not be any promos done - thankfully). He's not trying for a quick buck here folks. He wants this company to be successful and from the tone of his voice I think he's well on his way. Also, his lawyer wants to make sure everything is perfect before they basically get the ball rolling so that's why things are taking a bit more time than any of us expected (Brad included), but he also said he appreciates all of our patience. He also hinted there will be a company update coming soon (not today, obviously). All in all, I was very impressed with his professionalism and his willingness to address my concerns. My shares are locked for a very long time.
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