I am not a securities lawyer, and have not read Kenco's post. (She spins everything and as such I dont put any value in her comments). I dont believe however that there is anything wrong with peter asking Merlyn to keep the email response confidential. First, the response is not "insider information" as I can only assume that you, I, and even Kenco can email peter with the same question and get the same response. We all would have access to the same information if we simply tried to get the info.
The problem with taking and cutting and pasting the information to everyone else is that people like Kenco, would then dissect, spin and utilize the information provided in a manner in which it was not intended to be. The naysayers, will scrutinize every and any statement to death if provided with an oppurtunity.
Dont get me wrong, I dont think that Peter can say Merlyn, the sky is white, Knowing that the sky is blue and then tell Merlyn to keep that from other investors. I dont think thats what is going on.
I think that Peter can in response to a specific question advanced say that the weather is "great" and expect that his quatification is not published to the public as it may be taken out of context, spun and dissected when the statement is simply a reply to an email from a shareholder which has not been approved by legal etc...
I expect that you can either choose to belive Merlyn and his general response, email Peter with identical questions (I hope and assume that you will get identical answers) or you can follow Kenco's lead and assume that Peter and the company are crooks who are trying to screw all investors out of money.
Sorry about the long response. I get long-winded when someone acts or relies on Kenco's posts. (I have been here for a number of years and know what her agenda is).
Sam, you have been here for sometime too. As I recall, your group of investors pulled out about a year or so ago, but you stayed on. Have you lost faith in the company? To me, this was a gamble when I first came in, and I figure this one will either get huge or go under in the next year or so. (I dont think that they can float it anymore (given the history) unless they turn a profit)
Again, sorry for the length of the response. Joe.
