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Tuesday, November 19, 2013 11:35:54 AM
Another problem with Rookie CEO's is the fact that many of them "Have NO IDEA How the Penny Markets Function". The Penny markets are a whole different world from the big board markets, and some of these Rookies think they are the same. It's like someone having "Booksmarts" with no "Streetsmarts".
The CEO of VDSC may have lots of experience in the Cruise & Shipping arena, but it's obvious to me he's a Rookie at the Penny stock markets, it seems he's getting some decent advice in a few areas, but he needs more that's for sure.
A CEO of a Penny stock "SHOULD NEVER EVER PROMISE" things like Audited Financials by a certain date unless the Accounting Firm is 110% sure they can deliver it by that date. I've seen this happen numerous times, where Financials get delayed because the Accounting firm is just plain not finished yet, and the CEO's hands are tied until they finish.
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