Management might have a very good reason for this flight delay. I say again -- MANAGEMENT MIGHT HAVE A VERY GOOD REASON FOR THIS FLIGHT DELAY. But I don't like it when these dates are changed at the eleventh hour. Do what you say, say what you do. It's called credibility.
Don't get me wrong, bank -- I've been a proponent of Clark and Estrella. I told Warp that he went too far when he called for Estrella to be replaced.
But when they come out with a letter to shareholders expressing their dismay with the stock price, I don't understand it. I mean, they seemed surprised. Maybe you haven't been around long enough, but everyone who endured Huff's antics understands that future plans and projections are just that -- future plans and projections. And that's why I said that they don't get it -- they're out of touch with the history of this company and the mentality of its shareholders. They don't understand that long-term investors aren't going to drive up the stock price just because they think it should be higher. We've been burned way to many times to fall for that again. Everyone wants evidence this time around. And that means a substantial contract (a real one -- not some made up $300 million Russian contract like Huff offered us). And I should add that this shareholder letter came prior to the company acquiring GTC which obviously added some value.
After all the ups and downs over the years, I'm not only a realist, but I'm also extremely patient. I have no illusions about my investment anymore. But I do think others have been misled about the prospects and timetables regarding the technical development of our airships and as well as a higher projected stock price. I think that's why Warp went on his rant recently -- and he has inside information which I don't.
This latest news from the company I think realistically puts the prospect of receiving any contract well into next year. After all, it'll take them time to analyze the flight data and make some more modifications to the design. And I'm fine with that just as long as they ultimately get a contract. But to say that they can take forever getting a product to market is not acceptable. Competitors continue to move forward with their technology. We need to stay ahead of the curve.
Madmonks
