InvestorsHub Logo
icon url

gimmeabrk

06/19/14 9:31 AM

#23321 RE: Magik007 #23314

That's all fine and good....and I mean that. Let me propose that Mr Powell delegate some authority to put out releases of information to keep investors informed as to progress. We have an investor relations manager that returns about 50% of the emails he receives, so he needs to be put to work in a more proactive role.
The notes are poisen, and I mean poison to our growth. Have you seen the terms and conditions of them? This is not inuendo and speculation...this is black and white ,paper and ink, block letter contract. If we need this type of financing then we need to be told why and what for.
I have no doubt that Mr Powell is busy, as a matter of fact he may be too overwhelmed...so he needs to excercise leadership and delegate tasks to qualified and trusted people within the organization.
I will bet my bottom dollar that there will be no revenue to cover expenses coming in this year. Why negotiate more convertible notes under such toxic conditions if revenue were to come in?
To not hold someone accountable with the money they hold in trust is foolish in the extreme. As of this point we are bankrolling this venture so a bit of consideration and updates on a regular basis is not a lot to ask.