Hey Neal, no problem this board is for discussion purposes no disrespect taken, Heres a couple things that I have problems with from management and why Im discouraged....
1.The launch of the machine happened without us shareholders even knowing, we found out through someone that is located in Boca raton and they went to the mall and said its in there. I guess managing director KOTT wanted a "Quiet Launch" but why do that when you are trying to spread awareness???
2. They put the machine out on january 2nd or one or two days after that, if this machine was ment for "novelty purposes" then why wouldn't they have launched the machine before the holidays christmas new years hanukah etc....
3. They claim to have "investment grade gold" in their machine but the highest amount you can buy is 10 grams I believe???? What i consider investment grade would be a ounce bullion and maybe half ounce bullion thats a weight I would want and I would buy from the machine but its not in there.
4. They said a while back that they were going to offer other precious metals in the machine given the name PMX (precious metals exchange)
5. why wouldn't you have online sales through your website????? great way to generate income and also sell you "novelty gold products" the clepatra coin etc.... but no nothing.
6. These "awareness firms" have no track record and since they "inked a deal with them the share price has fallen dramatically and has not see any new investors or hardly any volume.
7. this brings me to my 7th problem which these companies are being awarded shares wall street profit search what ever the hell that is, and also these awareness firms which I believe are dumping them at whatever price they can get.
8. Merris Kott does not have any shares directly so she doesn't give a shit about us share holders
9. supposively they "inked" a deal with Simon Malls to put there machines in malls across the US they said is in a PR from a while ago that has gone under the rug since they only launched one in the Boca Mall and now are launching another one in ft lauderdale god knows where.
10 they have sent out multiple press realeses saying they have made a agreement for the lease of the new machine and where its going but have said no date, There has been 3 different PR's saying where machine is going and it will be out "soon" very vague which makes me believe they are trying to unload shares with multiple PR's
These are the main issues I have all comments and concerns are welcome but I have been investing in this company for 2 years and have seen swaps in management and different "objectives" of the company and i am truly discouraged of where we are at overall with the companies management to the share price to the only 1 machine we have which no one knows if its selling gold.
