In response to the answers from the CEO. I respect the fact that he indeed at the very least addressed the questions and did so with some class. Each of those responses can be blown apart but whats been said past and present still holds true to the status of the health of the company. I see him writing these answers out at his desk with rose colored glasses on spinning things as best he can for the shareholder to again be satisfied with. By the nature and content of his blogs he is very good at being a paper tiger.
At the end of the day the investment community wants to see measurable results...the mere fact that these questions being asked 7yrs into his reign as CEO speaks volumes. Then having to own up to these questions should serve as an eye opener for his own conscience. The PPS, dilution, the chill, cash burn, no branding value is all on his watch as CEO. That he has got to own up to and take responsibility for and in some instances I think he has
I again, thank Eric for the decency of responding and I for one do find that commendable but it cannot over shadow the reality that he has a huge mess on his hands ..a company without adequate operational cash to survive and I use that word seriously..."SURVIVE" , that on every level is a cancer and catastrophic to the company. He remains positive but everyone knows with those results no one can be remotely be happy or satisfied with that. If he has his own cash in this I can assure you he isn't sleeping at nights.
So Big E...I applaud the time and effort taken to respond to some very good questions, I don't agree and can dispute many of your answers and its content because ultimately...how your graded as a CEO and a company is done with measurable results. Unfortunately there are no free passes or good excuses that should be given to satisfy the shareholder. You are charged as a CEO with one objective...create shareholder value.
all jmo.
