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Georgia Bard

02/11/04 4:37 PM

#482 RE: thepennyking #481

(Obituary of a Public Company) No News

The obvious sign of inexperienced management that due to lack of exposure or cognitive of being a public company go for weeks even months without any updates to the financial community and shareholders.. Since the last market reset that we are finally recovering from a company’ management team that dares has the AUDACITY AND STUPID ARROGANCE to not inform the public or the financial community of developments for several weeks should be voted out of the position of being TOTALLY AND COMPLETELY INEPT. History has proven those type personalities that hold top management positions are proving they are extremely competent in their industry; however a novice with no training or education realizes without shareholders you have nothing regardless of the management and their abilities.

A novice is far more competent in keeping shareholders and the financial community involved and informed.
One last rule in a public company is shares of any public company will first start moving LACKadaisically, and even if the long and believing shareholder give the benefit of the doubt that things are going forward (Historically this has proven to be TOTAL STUPID OPTIMISM}. However for a short time and I mean weeks shareholders will FAITHFULLY CONTINUE to trade the stock in a sideways channel between a basic high and low but no way does the high go higher but the low goes lower the longer the absence of information is with-held.

Enthusiasm starts diminishing amidst the price sluggishness, and with each dip in the stock trading as once long term and believers decide there are better opportunities to put their monies the volume goes to near zero and the MMs will just walk it down and thus all believers are forced to either sell at a loss or just sit on it and use the certificates as bathroom décor.

Until news starts coming forth regularly and the volume starts picking up because the inept management now can’t financing because they have effectively killed the whole reason for going public. The use of the corporate stock is the primary financial vessel for acquiring financial assistance.

I find it increasingly unbelievable that any new CEO that comes into a public company and goes without any information to the public should be fired without question as being inept.
Further without trading there is not way possible to run a technical analysis on the stock to know whether to average up or dump out. Most of the time it is the wisest move to move your money to a company that will at least keep the financial community informed, thus volume in trading and the company become at least one you can establish and basis for even putting one dime into it.

Of course this is my opinion and for those that have asked me I have put it in writing.

Gary Swancey

Good luck in the market. Especially those that refuse to keep the financial community informed … Makes you wonder if they are doing nothing but play poker all day long.