Tuesday, July 02, 2013 7:03:02 PM
1. Every "business" they buy or attempt to start has not only no revenue, no profits and no cash flow, but evidently not even enough activity to generate real expenses. For example they issued shares for a "mortgage lead" generation business, but there is no evidence that business exists or is even being developed.
2. As far as I can see only "business" is developing rather far-fetched press releases that never result in a concept being implemented. If this was just one time or even twice one could perhaps understand, but this seems to be consistent for last few years.
3.I then try to be objective and determine whether management has the ability or experience to develop a business.I see nothing academically or track record to indicate management has that ability, or ability ( important for public company) to produce US GAAP financial statements .
I am open minded and certainly have expressed my interest in any objective indication that there could be potential in this company as currently structured and managed.
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