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Monday, July 04, 2011 8:47:41 AM
I believe you are correct about the management and their private interests, however believe that is only correct about the previous management being Weaver. You may recall that they were selling shares when it was a buck or so. Weaver is long gone and doing it again with another company.
I do not believe that to be the case with Farid, as he and his family have been putting money into the company believing it to be a good investment. He also seems to have been able to convince others of the same. I would not sell too quickly, and wait for the financials and the progress with the office space. They claim to have used a much higher valuation of the shares, which will hopefully be confirmed soon.
As for the capital structure, Farid has indicated he will clean that up as cash flows are generated. In this regard, if we start to see trading volume pick up, we will know good things are around the corner.
Good luck
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