MODS, PLEASE STICKY -- Initial company goals
Spoke with Joel. The fact that he didn't answer instantly and it took me a couple of days to get a hold of him means that he is working and not free to talk on the phone all the time like many scam CEOs. But I will bring up these points.
- For those of you saying R/S tomorrow/next week/next month, it's not going to happen. Joel has many other things to sort out. It would be several months, and he said that's a big IF! He was receptive to the fact that companies do share buybacks.
- But his initial goal is to get rid of the skull and crossbones and become fully reporting. He said getting that done over the month will be an accomplishment.
- He owns restricted shares. At these levels, he'd buy like crazy if he could, but he can't sell them or dilute for two years. He doesn't think it should be a dollar a share yet, but .0003/.0004 is dirt cheap.
- He's not looking to "pump and dump" with fluff. When legit news is out, he'll put it out.
In a nutshell, he's trying to build shareholder value, and I believe that getting rid of the skull and crossbones is a great first step!