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Re: gofish2012 post# 289

Thursday, 05/19/2011 2:01:48 PM

Thursday, May 19, 2011 2:01:48 PM

Post# of 16015
I am in this very deep too and have been since inception. The business concept and technolgy are sound. The stock price drop as a result of a major sell off are a result of sour grapes IMO. It will just take time to get the price to recover. The technolgy itself is the more valuable component to this company and the Magic Bright aquisition is just a revenue tool. The previous owner is still getting all he had before the sale, but now has a potential to get in on a big upswing. Win-Win for "Tony"

My latest concerns have more to do with the trend this company has taken. The burn rate on capital is following the old familiar path of I-Tech, ECO2, and PolyStyle Ind (all Gary D start ups). The CEO had pledged personal money which has now been reported that 80% was returned. there is little skin in the game for the insiders now.

The Riverbank project has diverted time and money from the WI project just after the funded was pledged.

What we really need is one of the major investment firms to reign in the direction and let Gary develop the operations, not try to run the company and sell to investors, he is spread too thin.
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