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jmdesign

07/18/07 12:30 PM

#61071 RE: McCloud #61069

Ernie...I agree with you. I don't think this is a scam. I think they have something and are very close to getting it done and out there. I think we will be glad we stayed the course.

cosmoworld7

07/18/07 2:25 PM

#61076 RE: McCloud #61069

Ernie, it was a joke, whoever clicked on the message saw their OWN NAME in the gun.

About the salaries, I see it as unethical and not dishonest. But I agree with you on the part that its a 'fact of life'

Cheers...

WHP03

07/18/07 5:16 PM

#61081 RE: McCloud #61069

McCloud said -

"I am sure that if Rim had had 20 million in the bank seven years ago we would have seen at least 2 or 3 years of huge revenues and no dilution. Instead of that the company has had to spend most of their time and effort raising money too much of which has gone to overhead (mostly salaries) instead of development. You see that as dishonesty, I see it as a fact of life."

I say if RIM had a real product, which they were able to prove worked, and if the mgt was top notch (capable in countless ways) then they would have been able to raise $20MM under favorable terms, and we'd have 2-3 yrs of increasing revenues by now. The fact we don't confirms my long standing point - these guys (Ray and Brad) don't have what it takes to get the job done. If RIM has what they claim, and which you believe wholly they have McCloud- then there is no excuse to be eyeballing a 3rd toxic round of incremental financing or talking "open source" strategies (as a distraction in my opinion).

I don't dwell on the clear dishonesty I've personally witnessed for years. I focus on the fact there is no independent proof RIM has what they claim, let alone a commercially viable product that someone with core capabilities could develop with proper funding. I also focus on the fact that Brad and Ray are beyond self-serving; they routinely put their best interests above those of shareholders, supported simply by the shear fact of the inflated compensation plans, and undervalued stock options.

If they had what they claim, if they had the capability as businessmen to build a viable company, they would have landed the financing long ago necessary to build a strong company. They either don't have what they claim, or they apparently can't give away "gold" let alone sell it. No one is buying what they're selling - and that is something not even McCloud can say isn't so thus far.