There are those who are obsessed with business, and those who obsessed with stock. Unfortunately, when you run a public company, its not always an easy balance in the beginning to handle both perfectly. I think looking at the pockets of the insiders is not a wise move - unless you look at the pockets of all insiders in public companies. Then again, when you fixate on what they have versus what they are doing to grow the business, such an examination usually overshadows and complicates their successes. When you focus on stock, you lose sight of the big picture. I can understand that here on the OTC its all about how you can make money flipping the stock, so there will public attacks on managements decisions on how they structure the company, the decisions they make to keep manufacturing costs low, how they secure money - its not easy, especially when you are undercapitalized. All companies that are public and undercapitalized use their stock as payment, in several different forms.
But for all of the analysis that has been provided, the company now for all intentions, is a private company with public company reporting responsibilities. It has a 160,000 share public float and only 1,350,000 shares outstanding. Managements shares exceed 75% and more if those preferrers are converted. But to suggest that they own all that stock to dump it here, in the cesspool, it won't be worth doing at .0001. No, I believe all this was done in accord with the CEO's letter. It has allowed the company to reboot its cap structure, place it in a position to attract real capital and get off this exchange.
The other problem here is that some of the smart guys (who sound smart) are attempting to micromanage the company via their experiences, by only negative innuendo, explaining how the company screwed you with the reverse split, how there is no underlying real company and that this is somehow a scam, but the truth is, many companies that are successful start out small before they start their growth curve, but in order to do so, they sometimes need to clean house.
The positive posters analysis looks at the markets, the companies products, the partners, the successes so far which are transparent, measurable and factual. The negative posy here focus only now 1 thing, the stock, who has what, where and for how much. Then they attack managements ability to execute because of what they did with the stock. I suggest otherwise, and I think the company has been proving it as well.
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