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LONGSLS

08/12/06 10:14 AM

#2285 RE: LONGSLS #2284

Oh, and I did let him know the fact I wasn't happy that there wasn't going to be a conference call or shareholders meeting, and he never addressed either to me.
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icdasunrise

08/12/06 2:14 PM

#2289 RE: LONGSLS #2284

thanks for sharing, Long

My emails to JG go unanswered or returned undeliverable.

I too am very concerned with the "clam shell" strategy SLS has retreated to.
As you and others have so well stated...serious questions are mounting that need to be addressed.
Truthful specific forward guidance is long overdue.

I'm tired of watching "OTC"s perform like this one should...$2.50 & climbing...while SLS continues to decline like a submerging "Pink".




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lytnup

08/12/06 3:58 PM

#2290 RE: LONGSLS #2284

Longsls-

Surely he remembers his '$1B forecast by 2010' that he had no qualms about issuing on either his mailer CD or his March interview with the Springfield Business Journal:

"He expects to hit $200 million in commercial products, and as much as $1 billion in consumer products, in the next five years.

“We’re in that big consumer retail curve now – we’re expecting growth of five to 10 times last year’s growth,” Gott said. “It’s because of the new headphones and the consumer products. The core business – the commercial products, which we manufacture here – we’re sustaining that nice steady growth, and we expect that to continue over the next five to 10 years. But the consumer products are going to grow exponentially.”"

Well - we all know where the headphones are, and we also know that he has changed the focus of the company AWAY from consumer products, which was supposed to be the primary contributor to revenues.

If he responds to you at all anymore (he hasn't responded to either phone calls or emails from me for months), tell him he would do well to host a conference call and get it over with; if we've been misled, and the target is no longer $1B, or $500M ('or whatever!), he needs to come clean and tell us why, or if it is still on, he needs to tell us how he pulls that rabbit out of his hat......1 product on Best Buy shelves and another held up by injunction, coupled with less than 1/2 million backlog for Q2 and no funding for product development or national advertising campaign just won't do it, IMO.

Thanks for sharing - hoping for much, much more.