SBJ1 has one decent point, and one only. And her comment needs to be tempered with the size of Energizer and their present progress.
She says they have 'no' employees, and that's cause enough for concern about a 'shell' company. I would suggest that having employees causes them to have 'skin in the game,' and a greater desire for success. However, I simply wouldn't hire people to do the jobs for which Energizer has hired consultants. So in that respect, her point doesn't hold much water. The other thing that I would like to see, and it's a big one in my book, is for the management to outright buy shares on the open market instead of granting themselves shares and options. That would prove to everybody that they mean business and that they really have faith in their efforts and the project. I have yet to see this, and it leaves a bad taste.
Regardless, I think that Energizer's path and progress are both favorable. I'm really looking forward to the next half-year.
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