Dude, you either believe the discussions here are intelligent and mature, or you don't. If you don't, as in your case, doesn't it make sense to just stop posting here?
Please go back and look, Eric's memos/mails have hit us at both highs and lows and the stock has not moved 1/100th of a cent because of his memos/emails. They almost have absolutely no effect on the stock price.
As for transparency, show me one pinkie/OTCBB stock where the CEO disseminates information to the investors regularly, updating them on achievements and progress? It is hard to be the CEO of a company, there is nobody to tell you that you did a great job while everyone expects you to tell them that they did a great job. It is tough. We are Eric's bosses, his investors. He wants us to tell him that he is doing a great job. Don't you agree that it is a big motivator for anybody?
While I would love to see financials, they are a big distraction for baby companies. Usually financials of baby companies are a mess to being with, as inexperienced founders flounder with the books and then a professional CEO comes in and then brings in a CFO to clean up the books and get it to a good shape. It invariable always happens, because at the beginning you are concentrating on getting the company off the ground and not so much about EBITDA. At that point, it actually hurts the company more to reveal its financials than to not reveal it. Does not mean that the company is swindling all the money? No, just that they are better off not paying for a CFO till certain revenue targets are met and such a highly paid executive can be afforded.
Eric has always maintained that there will be an Issuers Statement at the end of this year. I expect it in Q1 2010, simple because it would not be easy to collate all the figures in time. If it does not come in by Feb 2010, then you can justifiably say, "I TOLD YOU SO", in fact you can shout so, because the CEO went against his word. Till then, don't you think this company and issue deserves your support, since you are vested?
I mean, even if you are looking for an exit, does it not do the stock harm in the short term to post vitriolic language and hence reduce the chances of the very exit you are looking for? Please tell me, what is the technical reason (scientific please) for you to say that WNBD's proclamation that Water is WC's catalyst is incorrect?
I don't know about you, but if I feel that the product is crap, I'll not invest here period, unless I am trading, in which case I wouldn't be discussing the product but the chart. You don't believe in the product and company and still want to discuss at length about them? Why?
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