My two cents as a newbie here : normally I think it is a bad idea for shareholders to try to manage a company, simply they dont have enough information even in companies that are transparent- and from company standpoint my owno pinion is they need to bring in working capital fast to keep moving forward, and have some chips to negotiate with in terms of properties etc.Think of it this way if CFO doesnt know industry , why have people with even less knowledge telling him what to do ? In fact what would people have done differently ?
I do think though shareholders informing company they would like to see the current plan,well explained, and some benchmarks by which management will be judged the next 12 months is not unreasonable.
Better dilution now before they start operations as that will give everyone a chance to average down but seems those who have lost money also have lost faith in company. So why not make it a win-win situation ?
Reality is $5,000 cant even cover one quarter 10q filing, so something needs to be done quickly.
