Guys, you keep missing the point... nobody here cares about what happened in 1989. Nobody cares that a stock, PROM is at zero and did some business with EATR in 2007. Nobody cares that management said the stock would go higher in 2006 and it went lower. Don't care about angry ex-employees or old shareholders...
All we care about is that the company is coming through on everything they've promised over the past year. And it's pretty exciting stuff. You don't drop 50k on corporate lawyers for nothing. So let's see how the next 3 or 4 months plays out.
To recap, since November 2009:
1) They said in November 09 that they were going to spin out BnetTV in January. Check 1 for the company.
2) They said they were finishing a 2 year audit, and they did. IF you ask the right person, you can get a copy. check 2.
3) EATR said in Feb that they were going to announce a dividend to give BnetTV back to the shareholders. Check 3.
4) BnetTV said they brought on a new management team- and I spoke to the company and it's all true. Check 4.
5) They said last Nov that they wouldn't increase the O/S or the float and they haven't this year. Meaning accusations that the company is printing shares and dumping them are lies. Check 5.
6) They said they were going to up their standings with the Pinksheets and become more transparent, and they have. Check 6.
7) They issued the dividend as promised. Check 7
8) Insiders said they agreed not to partake in the dividend, and they didn't. Check 8
9) BnetTV said the would retain a white shoe law firm to draw up offering documents. They hired Loeb & Loeb-- who won't pick up the phone for less then $600 an hour. Check 9
10) BnetTV said they were retaining two wall st firms to advise them moving forward. Check 10
11) BnetTV said they would revamp their entire website. Check 11
With great knew news coming out over the next few weeks, let's sit back and see how this plays out. And if anyone has current information, or questions going forward- i'd love to hear it, and try to get some answers.
