Why does it matter to me??? Where do I start? It matters to me because I, along with a few others here invested our hard earned money in this company based on our confidence and trust in Hugo Cancio. The reverse split was not so troublesome, as Hugo's shares were reversed as well. The troubling thing is the dilution of our remaining 600,000 some odd FUGI shares with over 16 million CBDG shares in a year and a half from now. At least we have that time window.
If Hugo and company can get the price up before then to $5.00 per share or higher, then I will just barely break even. That's after accumulating about 2% of the outstanding shares. That's why it matters to me and it matters to me a LOT. Especially since I encouraged friends and family to invest in FUGI over the past 6 years.
I have always given Hugo the benefit of the doubt, even defended him on this board. (Which I started by the way) Despite numerous attempts to hit the ball out of the park with this big event or that big deal, and failing to do so, at least he never betrayed shareholders by diluting the stock, even when he had the opportunity. Also, from what I could tell, most of the failed deals, like the big outdoor concert, or the acquisition of the first Beatle's recording, were not Hugo's fault directly. He may have made poor business decisions, but his actions were always intended to increase shareholder value.
Now it's changed. We HAVE been diluted and have lost the leverage we paid so dearly for. Our only hope is that the price will rise before dilution kicks in. The clock is ticking.
And yes, the loan from our friend Bear to Hugo is real and must be repaid for Hugo to regain credibility. Hugo needs to give Dan York a hand as well. Dan worked tirelessly for Hugo for over 5 years as IR person, just to help him out and now Dan needs Hugo's help. Do the right thing Hugo.
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