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Re: Jackroch post# 6837

Thursday, 03/08/2012 10:47:41 PM

Thursday, March 08, 2012 10:47:41 PM

Post# of 20680
Apples and Oranges Jack, The quarterly and annual reports for all companies contain forward looking statements as to the managements belief as to what may or may not happen in the future. Therefore they contain a safe harbor statement so these forward looking statements are not considered as absolute.

A proxy does not have a safe harbor statement for a reason because it is specific in nature explaining proposed action required to be voted on by the shareholders. Statement made in the proxy are specific explanations as to why they are proposing the action to be voted on. Thus the reason you have the proposal, the reason for the request, and the effect of the action taken.

The proxy statements I previously quoted are fact based on the assessments of your CEO and the board of directors explaining to the shareholders they have a financing problem and this is their way of hopefully correcting the situation until further financing can be found.

Remember the first part is to dilute shares by almost 2/3. 49 million to 129 million and possibly more for the interest. That's just the beginning, you can ignore the facts that's fine but concentrating on the "short" issue is very short sighted as to the ongoing concern of this company.

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