Alleyba says:
IPWGINVESTOR --I do not agree with you 100%. When you say the CEO has told a few people in the last 3 weeks that the company is getting the money don't you think that constitutes "inside" information. He has read from his script and spoken with more than a handful of people the last few months. These people had to have bought at higher prices and told other people to buy. There are people out htere who relied on what JB had to say. Meanwhile if they get the money the stock has been so diluted has will anyone recoup their investment. I heard a rumor tgat part of the dilution was to pay expenses, including but not limited to, the liability policy for the BOD which cost $40k-50K. Is this in anticipation of what is to come. I hope not. I hope they get the money but JB cannot seem to get it done. The press release by Sanford and Son on 7/26 was irresponsible in that the wiring of the money was never confirmed.
I think Spencer raised a legit issue. At the shareholder meeting Sanford and Son said they would get a 15-20% management fee. Appears to be excessive does it not? Maybe their greed is what is holding up this deal. IPWGINVESTOR---unfortunately you sound like a nice guy whose putting a lot of faith in 2 garbagemen. If this is not a scam and I am not saying it is look where they have taken the stock to! And the Irish......have they even checked the books? it is unfortunate that you continue NOT to criticize management when the stock has become so diluted and almost worthless under the reign of the current CEO. He can be ticked off at htose who post, but he has no right reading the script to all those who call that we are getting the money. 3 months does not sound like "shortly" to me. I own the stock but I think it is so diluted I will not be duped by his giving certain individuals what is tantamount to inside information.......so if continues to rant and rave those recordings he made saying that the money is coming, I bought the sausage home from Poland and it is a done deal may come back to haunt him even if the money comes.
Personally, if I recall Dominoes Pizza used to give you a free pizza if they did not deliver in 30 minutes. Can you imagine how many Domino Pizza places he would have bankrupted. The man cannot deliver anything on time. And what was that nonsense with China all about? Another plant contingent on financing?
IPWG in closing the passing of information by JB to certain individuals could be construed as "inside" information, and those people that bought off of his promises and definitve statements may have a very legitimate claim against Sanford and Son.
