Insinuating the CEO is lying is no small matter. I’d want to be rather certain before making such statements.
Yes, yes, I know; we are supposed to believe the CEO is “not really” being called a liar, only that it is a possibility. Something else people should worry about. Amazing how we are kept up to speed on the areas of potential concern.
Rather than trying to highlight past tense language as an ominous sign it might be good to provide context.
The full statement/paragraph read:
“When Kraig Labs filed its application for listing on a national exchange, we addressed each stated listing requirement. We were prepared to raise the capital needed to sustain more than 3 years of operations through our partnership with an investment bank. This capital was also set to exceed the shareholder equity requirement by nearly 100%. As part of that package, I as CEO, was prepared to forgive significant debt which I was owed. Our shareholder count was nearly 11,000 more than necessary. Having met all listing requirements, we, along with our experienced uplisting consultants and investment banking allies, were surprised to receive a series of challenges to our listing that were not at all based on the listing standards. The Company has redressed each of these objections as they were presented. The last, and hopefully final, of these additional challenges is to demonstrate end product sales.”
“Were prepared” is being used in the context of meeting the listing requirements as they understood them. They were prepared to do so and then were faced with more requirements. Nothing in the statement says they are no longer prepared to do so. In fact, it states the opposite: demonstrating end product sales, they believe, is the final hurdle. That means everything else they are prepared to do is still in place and, as they understand it, meets the required thresholds.
Would hate to have anyone mislead by cherry picked language.
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