Palacian, you have established a false causal relationship.
I an not in the red on POWN. I am dead break even after 12 months. Not that that is germane to anything.
What this mgmt team knows how to do is destroy shareholder value instead of build it. They grant themselves millions of dilutive warrants just above the current share price. This is against shareholder interests. The warrant issuance comes on top of doubling and tripling of their cash salary compensation in the last year. The stock remains on the pink sheets because mgmt wants it to remain on the pink sheets. This is against shareholder interests. Needed investment capital through private placements fail (3 and counting) because your deft mgmt team says they are to be paid every dime in salary arrears before any new investor capital goes to finance any project. Who the hell would invest $3 million in a PP when the first $2.4 million goes to clean up the balance sheet and line mgmt's pockets? This is against shareholder interests.
In the past 12 months Lee/Champion/Lieberman are proving to be greedy little men who care nothing about enhancing shareholder value. Issuing themselves 5-year, 625,000 warrant blocks with a $.40 cent exercise price entirely ignores the needs of shareholders. In the past year outstanding shares have exploded from 106 million to 131 million. This is dilutive to shareholder interests. No doubt more is coming.
It looks more and more like we will get paid when and only when Disney issues a movie announcement. And as of now nothing is green lit. It could be 2 years away. This company has nothing concrete to say. The IR firm held a POWN "event" in NYC at the Friars Club two weeks ago on the coldest day of the year. NY was shut down that day. The next day it traded 3,000 shares in the first hour, which tells you how compelling the few people who attended found POWN.
These are facts, Palacian. How can anyone be happy? Institutional ownership is 0%. The IR firm is not scheduling Lee to attend ANY of the multitude of growth stock conferences that occur in Q's 1 or Q2-where fresh capital could find its way to POWN stock.
In the meantime the IR firm receives 825,000 shares of stock for its "services", which havent even netted us POWN shareholders trading volume, much less an uptrending stock along with the rest of the market. What do you think the IR firm does every month when their shares arrive? Take a guess.
Yeah, I love being bamboozled. How do you feel? Did you break down the co's $1.5 million in revs? They book the Disney affiliate's investment as income. How much of the $1.5 million was actual project revenues? About enough to buy a jar of peanut butter. 2013 and a Disney movie cant come soon enough. This company has nothing to offer near term. Unless you consider a PR appointing Champion and Lieberman higher titles compelling. Wall street didnt. We are missing this entire bull market leg. Dead money. And you cant blame it on the stock market because the stock market has been Great for 6 months. And so too is the NASDAQ. And so are secondary stocks.
AI
