ALLEYBA SAYS:
Let me make this perfectly clear....I do not attack the company, I attack the management. What is the CEO afraid of? Tells us in rough numbers how the 3.3 billion shares diluted was spent! Now CEO mouthpieces change gears and say this type of deal takes 24 months to get done (enough time to dilute remaining shares), so why did the garbage man say the money was coming "shortly"? Why issue such a post on 7/26 if he knew the money was not coming.
CEO may be brains of the outfit. Whenn he took over there were 400 million shares outstanding and the stock was 23 cents or so. CEO begged and begged for shareholders to give him vote of confidence and authorize 10 billion shares of stock to be used for aquisitions and making this company accomplish their vision.
Under his reign the company is barely 1/2 a penny, over 7 of the 10 billion shares have been diluted for his great team of lawyers and accountants who have failed to get the chill removed and failed to bring the financials current for a non revenue company. In fact, the case against Signature Leisure and the other companies appeared to resolve itself without
ipwg counsel....so how much are the bills in reality and what have they done.
I think the lack of financial reporting, the lack of updates as to the money and the chill border on corporate neglect, imo, by the CEO. Simon says, the CEO signed and authorized the 7/26 Press release. Simon says dilution continued this week as soon as we saw MM Vert push down the stock all day. The dilution is starting again.
CEO's problem is his stupidity and big mouth. Don't tell the people the money is coming and to be patient. CEO has, imo, destroyed company, cannot close a window and refuses to account for the dilution.
As shareholder's I ask you are we any worse off if John Gildea and Paul Sweeney took over? I say it is time to clean house and let a new board finalize negotiations. I have always wondered..since we know these plants are really needed why can't they go to the government and work out their deal. No doubt too complex for them, but maybe not for Gildea and Sweeney.
I think some of these posters live on another planet when they say how good a job CEO and BOD are doing. First of all what have they done except issue the same old press releases that they accused the former board of doing. I asm beginning to think the only plants we wil see are the plants that are planted outside the BOD's homes.
Again, this is an attack on management and no particular poster; however, I have to gag everytime someone tries to defend th BODs without any real facts 'except they will get deal done because they are working hard". I think they are working hard reading all of the message boards. Everyone has a right to their own opinion and my opinion is money talks and....
This post is dictator approved, wedding planner approved and spencer approved
