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defireman

11/02/07 10:06 PM

#33326 RE: Kouka06 #33323

Obviously he needs money, and cannot afford to do a full-fledged IPO. Also, IPOing will require a full prospectus, and a background check on what they're doing, which they're obviously not willing to disclose.

"We brought the company public in order to accelerate the process of putting this extremely valuable product on the market as widely as possible and as fast as feasible."

THis is just bollocks.
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jermart

11/02/07 10:09 PM

#33327 RE: Kouka06 #33323

What were they going to IPO I thought every one umderstood now that they dont have 1.4 billion in sales
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rosebud05

11/03/07 1:47 AM

#33343 RE: Kouka06 #33323

I think that is reasonable question Kouka. No reasonable answer here. My best uneducated guess (especially since I know nothing about what's involved with IPO's, RTO's, etc...) is that he got bad advice from the start. How else to explain Downshire and the contaminated shell? As an aside, my guess (and it's only a guess) is that MCCY and downshire has resolved their conflict with a settlement which included downshire returning 1.8 million shares back to mccy. That would explain many of those pump and dump squad leaving this blog alone now. All my speculations only.

These are legitimate questions. My personal feeling was expressed previously and I have copied and pasted below.

My wife and I started a business 8 years ago. Our first venture into this business. Looking back at all our idiotic decisions we made at the beginning it is a wonder that we survived that first year. From a shady accountant to incompetent manager to scamming contractors, every step involved learning lessons that we have not quickly forgotten. Remember we were in our mid to late 30's and both with impressive graduate degrees. We are inclined to give Raphael Huppe huge benefit of doubt for the mistake of getting involved with Downshire at the beginning. If that were us, we easily see ourselves getting involved in a similar mess. He is only 29 y/o. Let go of the early mistakes for goodness sake. It is over and done with. Every decision he has made the last month or more has been right on and reassuring. He has recruited world class managers and business people. He is creating a world class company. And he is getting wiser by the minute. Watch out!
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telematics guru

11/03/07 3:37 PM

#33400 RE: Kouka06 #33323

this is an excellent question which has kept many on the sidelines. That and the fact that I do not believe they currently have 1.4 billion dollars worth of contracts. If they had 1.4B in REAL contracts this would not be sitting at 12 cents. So imho, the contracts are not real - and that is why there are more questions then answers.