TR,
You miss the whole point.
Read my first statement:
"It will have to be lots of sales and a good balance sheet.
We are starting to get the sales..... "
And your statement:
"As for risk, there are no risk-free investments"
To assume that there are no risk free investments is true, how-ever it is not an excuse to not recognize that the board of directors obligations are to shareholders. when the Directors are also the executives no matter how good their intentions, it is a conflict of interest. And ...to not evaluate the level of risk is irresponsible to self. And to not try in some way to relieve the risk by pulling back on investing more or to influence the investment to a positive in some way is totaly ignoring personal responsiblity.
TR, we as investors have a responsibity to ourselves.
My investing buddies told me a while ago that Cal and Brian would eventually acknowlege default, then later create a default if new shares were not issued. This would give them the assets as collateral or more shares. Ask Waite, I told him in a phone call a couple months ago. And I have also stated here I was not sure that Cal wanted PPS to climb? or Why?
It is just thinking and evaluating to reduce risk?
I will be watching the next couple of 10Q's to decide if I will add or reduce my investment exposure in relation to risk.
We here hold enough shares together to have a meeting if interested to try to give support to Brian and Cal while balancing it out with some shareholder protections. Most of
us here probably are not that ambitious!!!! me included. Management counts on that!
RJ
AI
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