Come on people, who's kidding who? Swank is in business to sell shares...@ .003-.004? A hundred thousand shares might bring in between three or four hundred dollars $USD. That's not even worth the effort to place a sell order. I wonder where the idea comes from that Swank is only interested in selling shares. Do any of us have any idea how much it cost to start a business like this?
Yes, we have many irons in the fire and I think most will agree that if only one comes to fruition we will flourish. I keep hearing about this Race Track deal that never was because the DR Government never indicated that it was interested in selling or leasing it to an outsider. That is true the DR did not initiate this venue but to my knowledge they have not ever indicated that they were not receptive to our proposal. Recent reports indicate that there is activity at the track area. For what reason we don't know, but from our point of view it is encouraging. Who knows what it cost to present this proposal, but I'm certain it wasn't free.
Each gaming machine and table game cost hundreds to thousands of dollars for operating and licensing fees on a calender basis. Each time we approach the government there is a filing fee just to cover the handling cost of pushing the paper through the system.
Yes, we are up against a barrage of barriers designed to delay or prohibit us from accomplishing our overall objectives. But still we forge ahead. Most would have given up a long time ago, but not Mr Swank. He set out to be the best in the gaming industry in the DR and surrounding areas.
With the recent employment of the Leiber Group we have a group of experts each offering expertise in a specific area of finance. This group brings decades of proven performance and covers all - ALL - of the financial areas where we need guidance and direction.
I read recently that once Mr Leiber completed his DD he ran away because we haven't heard anything since the initial announcement that he had joined our team. I think it is safe to assume the following: Before he accepted the challenge to provide CGAQ with new operating guidelines, he did an extensive analyses of the company, its goals and current status. Met with Mr. Swank frequently establishing a work plan designed to begin moving the company ahead. Establishing the immediate financial needs and their availability. Establish a realistic time line to implement these changes and an appropriate time to announce them.
All of this takes time. I believe he is not here just for the fee - he sees this as the ultimate challenge - a company that has a great deal of potential but lacks the ability to overcome its obstacles.
I am certain we will learn exactly what is planned in the very near future, days, weeks or even months, but I believe it will be well worth the wait.
We have been lied to (the company "CGAQ") and those lies were pasted on to the shareholders (us) as fact. WE have been scammed by experts and Mr. Swank paid the price both ways due to lack of experience, but he learned bitter lessons the hard way and is benefiting from those experiences as indicated in recent activities.
Many of us have been here three years or more waiting for something good to happen It has been wait for tomorrow. Well I think the wait is about over. Lets give ourselves one more tomorrow and see where we end up. I think we will be very pleased.
I'm a realist and can read between the lines, but we do have a real potential to pull out of this successfully given adequate time to put everything together and execute perfectly.
We demanded an informational blackout, so now we must wait until a project is compete.
Have a great week-end folks. The above is my analysis of our future. PB
