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Thursday, May 17, 2012 4:06:15 AM
In penny stocks you don't invest in a company because it has nothing to start with. You invest in the CEO and his plan and aspirations to be successful in building wealth for all shareholders.
His "tit for tat" blogs with the other side does not serve him well and reeks of a lack of the qualities that makes a good CEO......Statesmanship, Character, and Leadership
And the X shareholders you refer to most likely lost money here and have every right to be disgruntled and post their displeasure with the performance of this ceo that they invested in......jmho
Great post and as always completely correct. IMO This last blog post...while the outlay from the company may not cost much (no real way to verify this from outside the company and who pays for ambassadors travel, lodging etc..?), the time, energy and focus that all of this takes DOES cost the company a great deal! When you have people who live or work 3 miles from the company and they don't even know about the product... I'd say their focus elsewhere has cost them a far more than they realize. As far as the company's tone...I bet the frustration level is very high given the facts in the fins that were revealed and any time anyone says anything that is not blowing sunshine and rainbows up everyone's keester...they get sent a message and the attitude shows up in the blog. Nothing new.
It's a good thing the CEO of established companies don't sit and blog every time a consumer or someone says something about their company that isn't nice... they'd never get anything done! lol
In summary, international business development has so far cost the company very little
Enjoy your day!
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