Composite Technology Corporation (fka CPTQE)

[lentinman]

Gun:

Any badmouthing is WHOLLY LEGITIMATE. In case you missed it, they declared BANKRUPTCY!!!!

The management only has themselves to blame for any lack of credibility. They had lost the vast majority of it prior to the BK, but that was the icing on the cake. YOU can continue to give them the benefit of the doubt if you want, but as for me, once bitten, twice shy. I say the onus of responsibility is now squarely upon them to regain any semblance of credibility because, at this moment, they have zero.

If you had known that they would not have a single meaningful deal going as of May 4th, 2005, would you have bought last year??? Of course not. So why did you buy? You bought because management stated and implied many times to many people that deals were right around the corner. Pens were being put to paper as we speak... Blah, blah, blah.

Unless an angel comes down and shows me otherwise, I have no alternative except to believe that they lied - and lied repeatedly. At the minimum, they were grossly over-optimistic, which may not be a lie, but certainly reflects on their ability to be trusted to make judgements. And, certainly their poor forecasting forces me to take whatever they say in the future with a very small grain of salt.

Len