This really has become a complete joke. Mack Sanders and Jack Eversull are both completely and totally inept. Eversull should be cut loose immediately. As for Mack, it would look bad to fire him so they need to hire a new CEO, make Mack token COO and spin it as we scored a really good CEO therefore the move only made sense.
Again, these guys have butchered this thing. At various steps along the way, investors tried to help them. We told them to PR the car sales, but Mack said it's in the 10Q, there's no need to PR. It's not in the 10Q. A number is in there that does not translate to the car sales like a PR could. And nobody reads the filings anyway. The overarching point is not so much about the car sales as it is about their lack of a clue when it comes to promoting the business. And, in some fashion, that's supposed to be Eversull's job.
We also warned them against doing the video. In fact, many of us emailed warning them that the stock would plummet to sub-penny if the video was full of nothing. Here's an email I sent Eversull on 7/26. Pardon the typos, but I stopped proofreading for him a long time ago. He's barely worth the time to even write the email in the first place---
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Rocco Pendola to Jack
show details Jul 26
You do realize that EVCA risks losing its credibility here, right?
First, they said 4 dealerships in 2011. Therefore, that video better include not talk of 'we will do this and do that,' but we ARE opening a dealership and here's the address.
Second, if they do not release this video this week, preferably today or tomorrow, again you guys gave a date and did not follow through.
Third, okay fine, the video comes late... it better knock people's socks off. If it is fluff and talk about what they want to do people have heard it all before and this goes sub-penny and says there.
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Investors in this company have tried to help every step of the way. But they refuse to listen. It's a sad shame.
And there's more... but what's the point?
AI
