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MrBigz

08/01/08 12:14 AM

#802 RE: creede #801

that is a great post creede

it really sound sliuke something is going on this time round
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2late2slow

08/01/08 1:25 AM

#804 RE: creede #801

I sure do hope you are right, Creede. You say why read the old stuff when you can read the new news. Trouble is, the new news looks just like the old news looked when it came out. What's different this time? Well, what's different is the total macro environment. Before, all the conditions should have contributed to the momentum to make it happen - easy credit, booming economy, gambling on the growth trajectory, exciting plans with all participants anxious not to miss the opportunities. Unfortunately now credit is virtually frozen, the economy is facing incredible challenges, gambling fever may turn into a prolonged distemper, all the plans have been downsized to the point of being unrecognizable, and the remaining participants are steadily diminishing. Still they spin the dreams but show no tangible progress. It's more like regress. Financing was just around the corner in March. An announcement any day. They announced an investor update a couple of weeks ago, and it was no update at all. It was the exact same words as before. We continue to negotiate with a principal investor for the $2.5 billion. If an investor has $2.5 bil, he should know by now whether he wants to do it. But he better have an incredible helping of faith in these remaining board members.