Hi Chief. Just wanted to say that everything you say is legit and has a basis in fact and DD. I respect your opinion and especially your DD. The signature deal turned out to be a bad idea at best and as you believe scandalous at worse. I do not know the reasons they felt it was necessary, you feel it was a fleecing of the stockholders, I tend to believe the company was grasping at it's last straws before going under. Both of these are reasonable and unproven. So, I can only look at what has happened since to give me a clue on the true motives.
True motives are hard to nail down. What are the true motives of the DTC? Suspending the stock, but still providing services for its members? Short interest increased...you cannot manually short a stock as far as I know. Very strange. IPWG went straight to the SEC...not something a guilty party usually does. Bernie Maydoff may not have feared the SEC, but he certainly wasn't calling them for help and filing complaints with them... Expecting things to happen after the 5 days the SEC gave the DTC is not realistic. It simply means the next bureaucratic steps begin.
Being fixated on the signature deal is like being fixated on Bill Gates stealing the idea of an operating system early in Microsoft's history. Could have been a bad idea when he did it, but was necessary at the time. Signature happened and it was probably not management's shining moment and could be added to a past list of them.
But....also, the Italian trip happened. The Poland trip happened. AddPower is on track to be commercialized. The company is being reorganized...moving to become a Nevada Corporation. These are management's shining moments. There is no proof these are cons, on the contrary, the proof is all on the side of it going forward. If you have DD that counters this, then it is legit to trash management for them. I concur that there is all kinds of DD that says Signature was a bad decision...all kinds. You can prove that to me from 5 different sides. But, really only the Signature deal...not Poland. I have tried to find evidence that this deal is not real. There is none I can find.
I cannot find one piece of evidence that the Polish deal is not real. If you want to say that the Signature deal is proof that everything that management says is a con, then I guess that is a legitimate point of view for a legit reason. I guess I am looking at managements actions in their entirety and see a bunch of things done amazingly right (recently) mixed in with at least one boner since John took the reins.
This is not a sure thing...get rich quick investment by any means. It is a unique set of conflicting info that may well be a pretty good bet. You know I am pretty skeptical guy...I give it 50% chance of making it now...
Have a great new year Chief. Hope serving our country still agrees with you.
News 
Market Data 
Discover 
AI
