SG,
This is an investment and nothing more. What I meant by my comment was if you are frustrated then you will lack clarity. If you lack clarity you will make bad decisions based on emotion.
I am holding this stock because I believe IWEB has a reasonable "Chance" to become a significant provider of storage solutions. I have no emotional connection to this company, the executives, or its products. I am here to make money on my investment, period.
Start up companies (which is where IWEB is in growth in relation to its technology offering) can sometimes take much longer to pan out than you think. What is your time horizon? I am willing to wait as long as the story takes to develop so long as I perceive real progress being made. Your lack of patience has nothing to do with the reality of this business and its future.
You are annoyed with the company’s strategy of releasing information to the public? You may recall that IWEB contracted with Wolfe Axelrod investor relations firm in early August? Prior to that time, IWEB released one pr after another to pump up the stock. Since hiring a professional firm, IWEB has taken an obviously different approach to how they handle dissemination of public information. Let’s also not forget that Dave Glatfelter was hired just 3 months ago.
This company may not succeed and I might end up being wrong. I also bought my position at .08 so I am fairly certain will lose nothing.
It is far, far too early to write off IWEB IMHO.
If Chen resigns then I too will sell.
Since that has not happened I hold.
