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sculpin73

09/24/08 2:44 PM

#23268 RE: Wooden Indian #23260

The ship CAN be righted but we're in the midst of a string of broken promises and delays and what kills me is that the CEO seems mystified whenever you hear him that the PPS is tanking. Well its tanking because press was released about 100 mil, then 21 mil-neither acheived, press released about Mason, never completed, then you have the late Q and to top it off the Q trends in the wrong direction almost guaranteeing that new people will take one look at financials and turn their nose up. Finally we have a shaky conference call that makes it sound, at least to me, like the investor they were focusing most of their energy on is trying to back out. Well IMO if Arne is spending 2/3 of his day on financing he needs to also devote the other 3rd to it as well--he needs to consider all sources and the financing needs to come complete with funds that can be used to buy back a substantial number of shares (which should be rather cheap.)The pps is where it was last year because materially WE are where we were a year ago, maybe worse really when you consider outstanding deadlines and existing debt. FYI I'm still here for long haul though and will buy more if financing closes.