Just signed-up with GZFX and listed four movies in my queue. Noted that they have several movies that I have wanted to watch and could not find at local rental stores including Block Buster. Looking forward to see how the service goes.
I have quite a significant position in GZFX and I must admit that there are things about the recent 10Q that are most concerning. However, as everyone here should know there is risk to ALL endeavors of human action and we freely choose to take those risks in a free market, it is NOT like government where the basic underlying principle is coercion (force); this "free" course is the one we want and are entitled to, the other (government) is the one we really did not choose. Power mongers have seized and destroyed the limits initially placed on them (the Constitution) and used contorted rhetoric to demonstrate the Founding Father's fears that Democracy would easily devolve to mob rule which it has done.
Ethics is simply the study of the good vs. the bad. If anyone has had a modicum of values instilled in them they readily know what deceit, fraud, malintention, theft, etc. are. There is virtue in selfishness, as Ayn Rand wrote about, and it is a virtue that if properly applied yields benefits to all people involved in volutary contracts.
There are without doubt corrupt businessmen, financiers, even posters on these stock boards, but none are as intrinsically dishonhest as those in government, because they don't have the legal gun pointed at another's head.
We can't really know John Flemmings ethical character from what I've been able to discern. He may turnout to be like the CEO of Covanta Energy who without doubt in my mind exercised no proper regard for his shareholders. Or to mention another, Ken Lay of Enron fame whose ethics (being tried for lying in Houston presently) will be judged hopefully by the facts in his case.
As I'm sure many of you have felt cheated and defrauded in the past by companies that you have invested in, you know the potential is there. But, it does no good to assume that when anything doesn't go as exactly as you thought it should, that fraud and unethical action is the root cause. I'm not saying to be blindly optimistic, but at the same time the fact that you have been taken (hurt, cheated, etc.) in the past can not be a valid reason to approach all your further contracts with a negative bias.
I hope that I as well as all the other investors in this company are rightfully rewarded for their efforts. Our capital, representing hours, days, years of our prior life's work, are the blocks from which this company is trying to be built and proper CEO stewardship is Mr. Flemming's ethical responsibility. If you think you have evidence that he does not merit that trust, then you should cease contracting with the company he is running.
I wish good outcomes to all the shareholders of GZFX.
AI
