'BJ69" - We agree on almost everything - timeline included - for BORK to show major progress on all fronts. Their PR last month and "Q" report strongly indicates they have a handle on ALL the past, present, future problems.
The task forces are responsible for tackling them.
Therefore, I'll reserve judgement re: the BoD being "All in" or not til the next PR update or Q report.
You and "BTU" truly underestimate the difficulty of overcoming the DTC Chill. It's like fighting a ghost. The articles I copied you are on are a good "primer". It's not just about sales revenues, lease payments, staff salaries and how many shares JB allocated for others or was awarded by the BoD.
All mergers, going back to "GPGI" forward and details of ALL company $$$ deals need complete exposure to the DTC after audit.
THen BORK needs an attorney /firm to review to all the details and if they agree all isabove board, write an opinion letter stating so. They will also be resposible for correspondence with the agency. They WILL be on the line (from both sides) for any errors the SEC /DTC "might" find in their own review.
It's a 5 - 6 month process on average - WIN or LOSE.
Then getting DTC and / or SEC to agree to review and decide thumbs up or down on the audit evidence. The DTC Chill and JB are deal-killers for top notch financing for such a risky bet as BORK now.
Many interested investors and potential customers would have done business with a reasonable businessman. They are still around. They want to see if BI is going to still be around.
Priority numner one is getting resonable funding. Without money BORK won't be and we won't be.
You wrote: "I agree with most everything you say. I also agree with BTU about the time table on the audit compared to a company of 38 yrs. and that of a company of a few yrs. old. I really don't believe auditors will go back 20 yrs as someone else suggested but I may be wrong.
As we can agree on these new BOD members have all the knowledge, resources, and connections needed to make BI. successful I just don't think they are being used. Again that is just my opinion .
As you and many have said before I think Sean is an honest person and knowledgeable enough to run this company if he just had a 1/4 of the BOD's help. I will not give my opinion why the board is not giving their fare share of support if I am correct I'll just wait and see what happens in the next 3 mo.
I am trying to stay positive till the end. Thanks and a good day to everyone.
BJ69"
