I totally agree with you and we, the investors, at this juncture should rebel to get this co on the right track. They have to be reminded that they have to answer to us.
I wrote a long letter to Darin last night.
My key point was: the management has created a company with a great potential, but for it to succeed they need to aggressively promote it. The history tells us about many great ideas that failed, because they were not properly marketed.
Have you noticed Darin's statement at his last presentation: 'Don't worry about the stock. It doesn't matter whether it's 10c or a $1.' His point was that he has to put all the efforts now at building the co.
It may sound right to some, but this strategy is very wrong, especially for the public company.
When the potential users see a collapsing company stock, they are very reluctant to switch. Why switch, if the company may not be around for too long? Even the platform looks very attractive.
I’ve pointed out to him that stock success would put a company name on the map. The buzz will Appreciation of the stock not only create a stability, but would attract more users, better employees and make existing employees much happier.
Also they have to stop diluting the stock and in a future pay off the convertible notes with the $$ they're getting from PLPE. Since they have not given us any dividends, at least they have to support the stock with the proceeds from the spin off.
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