Thanks for the reply and for the record, I still stand behind those comments made previously, it IS impressive what they have accomplished to date.
My concern stems from the fact that all along I've been fed a song and dance that they were going to fix the corporate issues and basically "not to worry your pretty little head" about them. I accepted that at face value and then watched as one "scheme" after another has been foistered on shareholders to "spook the shorts". While I believe that the shorts have had a field day here and are anything but a figment of the imagination, I also see Jacobs as a later day Ahab in search of his Moby Dick.
Peter has had an open ear to every short busting charlatan and embraced more positions on this issue than John Kerry. In short he has recieved poor council and yet continues to surround himself with unqualifyed people like Mario.
It has been made clear to me(verbally) that there is simply zero concern about fixing the fundamental structural problems at Sunncomm, that somehow this will all just "work out" because of the success on the technology and record label side. That is not a view point with which I am in agreement and is completely different than the partyline I've been fed for nearly 18 months. I would also argue that the share price supports my contention rather than managements.
That is the reason for my change of heart on this investment. I sincerely hope that I am completely off base and EMI & Universal are announced and we're off to the races, however I have been around Wall Street long enough to know what works and what doesn't... without sound corporate governance it remains largly unlikely that this will ever ascend to the heights that most here wish and the technological success enables.
Good luck to all... I've beaten a dead horse as much as I care to.
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