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reeltimeking

12/09/08 7:35 PM

#46081 RE: keepitreel #46080

What, you have a crystal ball? Why didn't you say so earlier. OK, everything is solved. Now, what is the date when this stock reaches a new all time high and keeps going up?

The truth of the matter is that the problems we now have are the product of the huge mistake BH made in late 2006. He lowered the AS to 150MM from 500MM when he should have lowered it to 300MM and sold 100MM in the market for around 15MM. The interest on that 15MM would have funded the company until the right time to spend. That was a great misjudgement on his part, and I suggested that very same thing back then, and I didn't have 1/1000th of the information that was available to him about the development. That misjudgement alone is the reason we cannot get off the ground now, and would be the reason if this company does fail. Ask any professional in the field of business management, and they will tell you that the biggest failure in business is lack of financial resources and the inability to judge how much will be needed to carry a project to fruition.