Friday, June 03, 2011 10:04:31 PM
The company was on the brink of bankruptcy, so it's easy to play Monday morning quarterback and pick things apart. From my conversation with the CEO today, he's putting his best foot forward to turn this ship around. He's a shareholder as well (he emphasized this!) and his goals and those of his employees (CIO, directors, etc.,) are aligned with ours. His goal is to increase the market cap and that's more difficult to do with a lumbering O/S, hence his decision to buy out that CD coming up on June 24th.
I just came back from dinner and I'm off to watch a video to relax. I e-mailed and put multiple phone calls into the CEO, so quite frankly I'm tired. XYZ I will e-mail you tomorrow as you correctly ascertained what the game plan was. Your predictions may not have been that off base after all, but you did nail the game plan here, so kudos:)
BTW, with respect to the 8K about NetCapital buying out the debt (people were querying why no 8K or perish the thought is the deal even real), it wasn't filed because that was a transaction between NetCapital and the Lender. An 8K was filed today because it was transaction between NetCapital and PVSP.
Hope I clarified a few things that were murky...off to watch my video and partake in a margarita. I will elaborate more later, but probably not until Monday, so please others here, don't deluge me with PM's.
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