Alleyba says................
............as far as Joeseph Zampetti is concerned the following are my comments in general:
1. Mr. Zampetti has been very much maligned for no substantiated reason;
2. Mr. Zampetti is not a holder of ANY convertible stock and I have read no filing indicating that he has such stock;
3. On July 12th, the day the MONEY RUNNERS pumped and dumped the stock Mr. Zampetti, not only for himself, but for his family bought stock in the .90 cent range;
4. Over the last 3-4 weeks Mr. Zampetti has personally purchased between 350,000-400,000 shares ranging from .13 to .18;
5. Mr. Zampetti has been fighting so hard on our behalf to support the stock he spent a day in the hospital due to medical issues caused by the movement of the stock;
6. Mr. Zampetti, to my knowledge has NOT sold one share given to him by the company for any service he has rendered;
7. If not for Mr. Zampetti in my opinion which is what this post is...MY OPINION....this stock would be trading at .03.
8. I have never met Mr. Zampetti personally, but I have talked with him via telephone and I find him to be honest and strsight forward and unless someone can show me otherwise, I have found him to be honest, knowledgeable and trustworthy. That all having been said THE REAL PROBLEM is that,,,,,,,,,,,,,
1. Management, which has made great strides in the last few months, should pay-off NOW the convertible notes and not issue a forward looking statement that is their intent....they should issue a press release saying ALL convertible notes have been paid off.........period.........end of story.
2. Any future deals should not be for convertible paper....they should structure deals for restricted stock if they have to which unlocks in 12 months or at a much higher price with restrictions on how much stock can be sold during the unrestricted period;
3. I hate to say this because I have been caught with my pants down on another penny stock I was in that I rode into the ground, if the shareholders are unhappy with current management put it to a vote to change management.
4. My opinion is that if the convertible stock is paid off then buyers will flow into the stock and the price will rise immediately and that is how you maximize shareholder value. As much as I like the stock and tell people to buy it how many times can I ask them to average down? I look and sound like an idiot.
Personally I bought at .90, again at .55, in the .40's, ,20's and teens. Until I know the convertibles are paid off I have no desire to average down any further...........IT IS UP TO MANAGEMENT TO DO THE RIGHT THING.
The foreging post is my opinion only
