This is looking more and more like the Titanic. I am on board, so rest assured I hope it does not go down, but can you offer any suggestion as to why:
Given so much time in between last CC and this one, and so many disappointments, Dean completely neglected to comment in detail on the most important items of business, and I have to hold him accountable as a shareholder for that:
1) absolutely no mention of Newby or 350mil funds
2) with Newby I would have expected at least a comment on raising/submission/where are we in the process of that 1.775mil or so fee?
Dean used that "I will not give a time line" that seems reasonable but went WAY to far with it...absolutely no details/progress report -- meaningful dialogue on "on the ground" details of funding. No excuse other than it is not going well and better not to mention it IMO.
3) Ok he can gripe about people chatting up Rudd's family, but really...no mention AT ALL of the logistical problems?
With this company's very sketchy history up to this point, I am very disappointed by the lack of substance -- other than audited financials in 2 weeks (no fear of time line there) and no raise in A/S (if that's true), and Dean's own 8 Mil on this
For some reason Dean wants to keep us in the dark about the details of real on the ground progress....leave time lines out...have we raised and paid the 1.775 mil or not? have we submitted it or not? that loan is history and we are working on something else or what?
I'm very disappointed that Dean feels "funding is imminent" is an adequate expression of our current situation, especially given our current predicament, the fact that these statements have never yet been true, and so on...I wish he would be really transparent and if he is going to only give us a few minutes of his time in a CC that took WEEKS to give us, then don't waste his breath on "bashers" and posters of various kinds...the shareholders' meeting, great...but give us the real meat.
I don't know how anyone can honestly say Dean really gave us substance this CC, given what any reasonable person recognizes as the kind of info we need.
Can anyone explain where my reasoning is wrong? Granted if the news is bad, thanks for buying us time, Dean, and keeping it ambiguous...just wishing that was not the best explanation.
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