Hello all;
I'm back. Was gone for a few days due to a family event. Back now to see what the CC has brought into light for us shareholders. Will take me a while to get caught up.
Eastunder, I respectfully totally disagree with you on the RS. I, for one, will NOT put my other $20,000 here until the RS is resolved, and if it is that we do one, I am selling until the dust settles. I know that sounds stupid to many of you here, but 9 times out of ten, the price will go DOWN. I'm willing to take those odds, and I venture to guess that many, MANY other shareholders are also. The reason I think the odds will work in favor of selling is that I TOTALLY DISAGREE WITH ABOUT 80% OF YOU THAT OUR DEPRECIATING SHARE PRICE IS DUE TO OTCBB!
The reason the share price has dropped is because Phil has played right into the hands of the bashers and the shorters by not managing this as ideally as he should have:
1) He WAY overforcasted the revenues, and told us several times in the year that we would still be able to meet them, but then towards the end - Oh, well, no we won't - I sold on that,
2) He repeatedly promised a dividend of DFTS stock, (I knew better than to buy in on that until it was delivered, and I have been proven correct to not have trusted that - so what do you think other prospective buyers are thinking?)
3) He repeatedly ASSURED shareholders that we were in for this MYSTERIOUS AMEX exchange listing BEFORE THE END OF 2005, which is still up in the air over a YEAR later.
4) There is a bad history of some very negative-appearing deals (Infotel screw-up), some involving a not-so-respected Augustine Fund, and appearing questionable (What in the world was happening with DCI and DFTS and Skylynx? What in the world were/are the plans with Veriscript?)
5) SEC had them re-report the way some of their assets or (revenues or something) were booked after an inquiry
and
6) Outstanding shares have DOUBLED or more while us patient shareholders have waited and waited for PV's words to ring true and for him to get the deals straightened out and the numbers reported correctly!!!!
Oh yes, PV HAS increased revenues, and finally they are peaking at profits, but can you trust how much further that will go with these 6 GLARING NEGATIVES staring you in the face?
Now, without factoring in how much we all WISH WE HAVE MADE AN INVESTMENT in a very promising upstart with TREMENDOUS potential growth (remove your attachment to the company), what would YOU think if someone came to you and told you to buy a stock like this?
Now, wake up people! What do you think prospective shareholders are going to have as their plan of attack with this kind of history? You can definitely NOT place more than 40% of the blame for the share price depreciation on the market it trades on. A MINIMUM of 60% of the blame goes on the fact that this company, at this point in time, appears to be rather untrustworthy and shady. Sorry, but it is true.
The plan of attack that anyone who is betting on making money in the market (at this point, this is a GAMBLE) would be to STAY OUT OF THIS OR SHORT IT until something gives someone a reason to believe they might really have sequentially improving revenues, that will quickly turn into sequentially increasing PROFITS, WITHOUT DILUTING every increase with more shares.
The reason the share price is down IS NOT THE MARKET THIS IS TRADING ON AT THIS POINT IN TIME! Phil has played into the hands of anyone and everyone who would want to put downward pressure on this stock. Going to the AMEX WILL NOT CHANGE THAT!!!! PV has messed up in many ways in the last year, and that, people will see more potential gain in shorting this than in buying long, or they will wait for another negative to drop the price more before buying in. Hell, if I could go short, I would right now. In fact, many stocks on the AMEX do not do nearly as well as on say the NASDAQ, so I think a move to the AMEX is just another negative, and another distraction from solving the REAL problems with how this stock is trading.
Then, on top of that, you guys want to accept a RS to get to that useless, BORING exchange??????????
The ONLY way I would stay in this any longer if a RS was strongly considered is that if it was immediately announced that what Tech_Russ has posted would be done. Now THAT would keep me in for the RS, NOTHING else. I expect this to go down just as much on the AMEX unless there are stabilizing forces, like Tech_Russ posts. And I think it has much better chance to go up on the OTCBB if PV would just get all the ducks in a row and KEEP THEM LINED UP WELL PAST LUCH TIME. It's like, one thing is accomplished and its time for recess and PV is out chasing the ducks again.
BTW, so far, I liked what he had to say in the CC, other than the over-focusing on the AMEX. This appears to me as just another tactic of distracting investors from the REAL issues that have caused the share price to depreciate consistently.
FOCUS HERE - make this company reputable and something worth talking about, like how it GETS THINGS DONE!
AI
