I can neither justify nor condemn anything Tom's has said to anyone else that has not come to pass... I have personally never received a reply from him. What I can infer, however, is that the ongoing situation has been very dynamic, and plans have obviously been modified or delayed several times without any of our input or consent... which is why the only 'solid' timeline we have gotten from the company publicly was the reinstatement by the end of May (if accepted), as far as I am concerned all other dates were optimistic, not firm. That in no way denies that the private information given was incorrect, because it obviously was. But to me it indicates just how vigorously the adversarial party in the equation was fighting the desired progress every step of the way. If there is any blame to be laid, it was with the company not communicating publicly meanwhile Toms provided tidbits of information which were obviously not solidified plans yet, which we took to be the final word on the subject and ended up dissapointed and feeling misled when the plans changed. Toms should not have raised our expectations with unconfirmed dates.
However, everything that has transpired were required steps to eliminate the toxic debt and put a leash on the dilution; there is plenty of evidence to support that, and none to refute it... so when/if that is complete, and the expected reinstatement occurs, this stock will perform as it should have all along. If the reinstatement does not occur (or was not even pursued), however, that would be grounds to accuse the company of lying... no denying it.
They have a week.
As far as Toms putting us in this position, that's not (at least entirely) accurate... Cape was in dire straits before Toms was made CEO, and most of his efforts have been to remove Cape from the grasp of NIR once it became apparent that financing was toxic which, again, required these recent drastic and (hopefully temporary) detrimental steps.
I honestly won't know what to think about the situation as a whole until we all get more information... but at the most basic level we all agree the present situation does not look good. I and several others think that there is immense potential for that to change... I guess we'll just have to wait a little more and see.
