Way to go Matt, nice answer to a concerned share holder.
Q: After the RS, why dilute the shares again to get the share-holders back in the hole? A: This isn't dilution, this is a huge win for all shareholders.
You can spin it anyway you want ol' boy, but the FACT of the matter is that the moment you announcde a MASSIVE REVERSE SPLIT and FURTHER DILUTION of the stock, your market value DROPPED, that is DECLINED from $25 Million to $12 Million, and is now sitting around $16.5 Million. So, like it or not, and spin it however you like, the market has determined what your value is now and does NOT LIKE your plan for MASSIVE REVERSE SPLIT AND FURTHER DILUTION regardless of your sugar-coated plan to force this down share holder's throats.
Thanks, but no thanks Matt ol' boy. And why don't you and your wife take a pay cut while you're at it. There ya go!
To diannedawn : You are right, this CEO CAN NOT BE TRUSTED. He is pulling off the same thing that all corrupt pinkie CEO's do that screw the share holder. And we have no recourse to do anything about it but vote NO with our small votes.
he promised cash flow positive this year and it never happened!
He also said the company would be cash flow positive in 2009. Matt is a loser with a losing company. I call it as I see it. His overstepping himself and patting himself on his back constantly is killing share holder value. He needs to pull up his socks and for HEAVEN'S SAKE GET ONE FREEKIN' PROFITABLE QUARTER UNDER HIS BELT BEFORE HE DOES A MASSIVE REVERSE SPLIT LIKE THIS.