right - "soon" eh? time for my bi-annual, irrelevant comment (not to be confused with legal advice - i have given that in the past - it does not help - but hey, what you are entitled to do, and what is practical for you to do, are sometimes very different things).
in general, most of us who have been around for a while have our own opinions as to why this is where it is, and where it is going or not going, and who is to blame (other than ourselves). i have mine - i have nothing to back it up except for the fact that i have not just fallen off the turnip truck, since we are not privvy to enough real facts to actually know what is really going on.
we continue to get no hard facts, no proof of action, no complete explanation of inaction, no rational expanation for things which seem to be irrational or simply contrary to the interest of the company (as opposed to r.p. and others). this is no revelation - we all know this - we have know this for years. this has no relevance to the real world, except it is something we use as a factor to speculate (rightly or wrongly). this has nothing to do with the real world - it is the pink world.
in the real world - in life in general, how long would you continue to do business with someone who treats its associates the way PGPM shareholders have been treated? if you owned a company (which we do - in part) how long would you continue to employ someone who behaves the way the employees of this company behave with respect to its owners? ha! so what does that mean? who the f knows.
in any event, the problem is that we have no practical power (except to the extent we are independently willing to invest additional monies in getting to the bottom of the true details, or pursue remedies against those found to have done us and the company wrong). pinkie powers, both good and evil, know this.
re pgpm, whatever money we have put into this, they now have; they know they are not getting siginificantly more from most of us in the current state of affairs, and they seem to not be interested in raising more money conventionally - they are not making an effort to generate real or fantasy p.r., or other info which would bring in new investors (as r.p. once took the time to do).
so we are where we are - sitting (figuratively on the pot) and waiting (to see what comes out). can you guess? it is worse than sitting in a traffic jam, because we cannot turn off and take the back roads. even that doesn't necessarily get you to the destination sooner - it just makes you feel better because it makes you feel like you are moving. the time-to-time snippets we get from matt, r.p. or anyone, are really taking us out of the traffic jam, and leading us down the backroads - it doesn't really mean squat, but it makes us feel better for a while, because it makes us feel like we are moving (and it gives us something to talk about for a while).
So, either, they (matt, r.p., and entourage) are in the midst of trying (continuing to try) to get things straight and carry out their fiduciary duties to us, and make the company viable,
or, they they don't give a crap, and are doing whatever they feel will serve their individual needs (and dealing with us only to the extent they feel they need to in order to avoid someone getting ticked off enough to spend their money to pursue things).
either we will be "happy" with the ultimate result (as r.p. once said we would - "soon" whenever that is - obviously, soon must be relatively measured in terms of years), or we will ultimately be even more pissed.
like it or not, when you pare it down to its essence, and regardless of his explanation of why it is so for him, the bottom line of what nick says pretty much has universal application to all of us outsiders who have ponied up in reliance on the representations of the insiders - we wait to see what happens because we literally have no other practical choice. maybe we even hope a bit that any suspicions are misplaced (while we're at it, might as well throw in some hope for peace and love on earth, and for a winning lottery ticket - it can't hurt). we hold out "for the time being" like we have been holding out for a while - it is not new, it just is.
our grousing, hope, conjecture, negative comments, positive comments (unless you are a believer in the law of attraction, and actually believe with all of your might - like dorothy in the wizard of oz), etc., do nothing much more than serve as self-therapy and entertainment.
i mean really, would buying or unloading even 10 or 50 or 100 million shares at the current pps mean a rat's butt to anyone on the inside, or cut any significant losses for any investor - i think not - we are pretty much irrelevant. so, we wait and watch (and hope?), and get over being offended (but, don't forget).
anyway, that's enough, i hope everyone here has a day job and another life, and that the new year is treating you all well.
hey, i do have one question for anyone who has nothing better to do than read this to the bottom, where the hell is the elephant bar anyway?
laz
