Monday, December 12, 2005 1:48:19 PM
When I spoke to David, he told me Europe was not ready for the technology when they launched last summer. We had a discussion about that since I spent several years in Europe and go back frequently, and find they are more advanced then we are when it comes to technology. One example I used was the 24 hour gas pumps with no attendants over there, 30 years ago, and we still dont have that here. He told me it was because of the terrorists we were concerned about. I then explained that all developed just a few short yyears ago after 9/11 and he had no response.
I also discussed how in some areas of Europe they use their cell phone for everything to include buying and dispensing drinks from the drink machines, and again he had no response. So if they arent ready for this technology yet, just when do you think the US will be ready for it. And these issues with buying soft drinks with cell phones etc was there several years ago, not just the last year or two ago.
Thats why I am skeptical as well, speaking to PR departments. They think you are dumb and they will say whatever sounds good at the moment, to justify the lack of revenue, and once someone like myself challenges their answers, they look for a way to switch the subject quickly. Thats why I expect it will be more of the same at the meeting. The only ones getting the straight scoop are those like Cornell, who are making tons at our expense. Even the consulting office I mentioned that got options to buy the stock at .20 for putting together the latest finance deal with Cornell. They got over 4 million shares which they are now selling for around .30 a share and diluting the stock for us regular investors, and overnight they make 50 percent, or .10 a share, from their exercise price of .20 to the retail price we are paying of .30 a share. Thats only a nice little bonus of $400,000.00 overnight on 4 million shares, and then the company has to charge the discount off on the balance sheets effecting the retail stockholders value.
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