I was waiting for the conspiracy theories to begin when I began posting again. I guess now it's official. Some moron cranked up a couple of fake screen names for me on another board. I decide to start posting again, the real McCoy, partly to keep others from spreading their crap in my name, and YOU think my reappearance isn't coincidental, that I have a reason or ulterior motive. I won't be mean. I suppose the share price and frustration over your investment has caused you to feel this way. Totally understandable.
I agree the new regime cleaned up the reporting and apparent transparency of the company. Clark was able to settle the SEC case and I commend him for that. But you seem to forget WHO brought Clark to this company, who spent months recruiting him because the former regime realized THEY couldn't settle the SEC case on their own. You act like Clark decided one day to show up and solve this problem.
Do you think Clark offered up the $250K freely? "Oh, I have some extra cash laying around. I'll be happy to hand over the loot." Not likely. It's more likely this was all part of the recruiting effort to get him to the company. The old regime not only had to identify and recruit someone who could bring the SEC case to a close, but someone who could also supply the funds settle, and then sell them on the job with that as a requirement. That seems to be no small task. I'm sure there weren't many candidates lining up to volunteer, especially the settlement funding part. Yet you give no credit to those efforts at all. Does the Kool-Aid you drink result in selective memory as well? I think it does.
I know that JR tends to have a big mouth, and much of what Clark and Estrella tells him is shared with other shareholders he knows personally, and they talk too, and when I hear of things like an SEC "bad guy list", I know exactly who that's coming from. I also know JR likes to antagonize some from the former regime, and he did so from his perch at Morgan Stanley. It seems to me someone at a high level in a company like that ought to conduct themselves better, especially given their concerns over someone at his level owning a substantial stake in a penny stock. So now that he's in another firm, I have to wonder if those actions got him fired, or if he left on his own.
I will agree with you that the share price doesn't reflect the company in a good light. Who's to blame for that, the old regime? How many years have they been gone? Who was so confident in their abilities they openly stated shareholders would be very pleased with the share price by this time? It must be very convenient to be able to make claims like that, knowing that if things don't go as planned they can just blame the old regime, and there are shareholders stupid enough to continue to believe it. Sounds like when Obama blames the Bush administration on the things he hasn't been able to change. "Not my fault... look to my predecessor. He caused this." Very convenient indeed to be able to accept full responsibility for successes and point to the previous regime for failures. But it seems to work with voters. No one bothers to check the facts, which is evident during the presidential campaign. Why would it be any different with shareholders?
Many here blame the previous regime for many things. Some of it is warranted, some is not. I only ask that everyone give credit where credit is due, nothing more. Both regimes are responsible for some good and some bad. Did you know that there were settlement agreements already worked out by the previous regime between the company and Hudson Bay and Brio? Those settlements were for a small fraction of the shares that eventually got awarded, all because the current regime didn't want to settle at all. We now see the result of that decision. The share price is where it is partly because of the dumping of those shares in the market. Can we somehow blame the previous regime for that too? Maybe they should have executed those settlements when they had the chance, before the new regime came in with arrogance they didn't need to settle with anyone. We see how that attitude turned out. It was no different with the initial FEMA contact, and well, Space Florida isn't exactly turning out as we'd hoped. We had a funding agreement in place from the old regime, and it too got removed after a couple of meetings with the new management.
There is one thing that concerns me. If Anthony and Glenn are able to deliver some contracts, the sheer number of shares in the float is going to limit the share price. I've talked to a number of people who own more than a million shares, who stated that if they ever see 15 to 20 cents again, they are done with this company. What's worse, they've stated that others they know who also have large positions will be doing the same. I expect we'll see contracts, a rise in share price, and then massive dumping will drive the price back down. Will there be enough buyers to overcome this massive selling pressure? That remains to be seen. If the contracts are substantial enough and come with recurring revenues over a number of years, maybe. Hope I'm wrong. I've been wrong before. If they can't get the share price up and keep it up with contracts, that leaves only the option of a massive reduction in the number of outstanding shares. One thing I am sure of. When that happens, you and other's blind confidence in the current regime will be shouting to everyone here how that's a good thing.
AI
