ALLEYBA SAYS:
TEN REASONS WHY WE NEED A NEW CEO FOR CHRISTMAS:
1. The CEO I have heard tells board members the 1st time he heard about the Signature Leisure case being finalized was by reading it on the message board. Now, if you are allegedly paying thousands of dollars for legal counsel to fight the chill, you expect people to believe YOU WERE NOT INFORMED ABOUT THE DECISION WHEN IT HAPPENED? If the CEo did not truly know, how could the lawyers not know and why are they being paid. If IPWG was not informed of the case by their lawyers how could can they be and they should be fired.
2. Back to #1...The CEO said there would be PR as to the progress made fightting the chill so (a) shouldn't the CEO have known case was settled, IPWG absolved, and a press release put out immediately adivising shareholders and what the status of the chill was and what they intended to do about chill or (B)are they going to use the excuse they dont have money for PR?
3. What has CEO done for company in 2 years? We have gone from 450 million shares to 10 billion authorozed shares to be used for acquisitions, attorneys fees and accounting fees as well as expenses. Dillution has taken stock from 20 cents to .0005.
Has anyone seen any aquisitions?
4. CEO issued PR on 7/26 saying that money was coming "imminently". We are now on 12/28 or 5 months form the famous PR. Bottom line the company either has the money or they don't have the money. They are either getting the money by a date certain or nor getting it. Let the company put out a PR indicating what the status of the money is instead of spreading false rumors,imo.
5. CEO promised that all financials were being brought up to date and was allegedly spending money on accountants to do this. Why hasn't this been done? How hard is it to do when you are a non-revenue producing company?
6. We have fresh blood on the board. John G is an accomplished white collar negotiator who is well respected in the financial community and has the ability to negotiate this kind of deal which appears to be too sophisticated for the current CEO.
7. The current CEO has demonstrated that he cannot close a door let alone close a window. For all the rhetoric about the "deal being done" "be patient", soon all 10 billion shares will be dilluted and we will have 0 and it will be a green Christmas for them.
8. Tired about stories that CEO works for nothing---his car expenses are paid, reimbursed for credit card expenses, receives medical and, who knows, maybe living expenses. I would work for nothing to if I lived for free, imo.
9. John G and the IRISH have quite an investment in IPWG. Isn't it time that they are brought to negotiating table with the Italians since CEO seems too mesmerized when he is out there.
10. Bottom line is that 2 garbagemen cannot be expected to go into a room and negotiate a multi million dollar deal because they don't have the experience or savy to get it done......but put them at a dinner table with the Italians and, imo, they will outeat them, outdrink them and pay the bill only to have it reimbursed by IPWG and you, me and all the shareholders, including ITSALLINTHEMIX who has NEVER BEEN RIGHT ON ANYTHING
AI
