Lisa, I don't think an apology is really necessary. But, I would caution anyone about losing their perception regarding penny stocks, history is compelling regarding the pass/fail ratios. Having said that I like the CEO and believe his heart is in the right place even though his lips may be a bit rambunkous. One very important way to look at a venture like this is market cap or value, in this case it's very easy, with a billion shares OS .01 = 10 million. So at current SP 2.6 cents the valuation is 26 million. Now if you had an unlimited checkbook and could go in and make an offer what would you pay? My numbers say for a start up media company this far along somewhere between 20 - 40 million, so if the price falls within that range it's either a bargin at 20 million and a little pricy at 40. As events develop, that number either has a value added or subtracted, that's what makes a market. Remember you can't bash a good company into oblivion.
Regarding the CC's, personally I think they are a little overboard, I think I understand what he is trying to do (offer visiability), but this is fraught with dangers as we just learned. My suggestion would be to limit them to operational updates only and let the numbers speak for themselves quarterly. One thing I picked up on at the last CC was the mention of industry proffessionals helping the launch at reduced fees. I think it would be great to invite 1 or 2 to participate in the CC to show their enthusium for his venture.
Sorry this was not intended to be so long. GLTY
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