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Southern Gal

07/20/11 2:23 PM

#8097 RE: Southern Gal #8096

Signorello was quick to shoot off his mouth about the merger.

In fact, he was so hot to talk up the event that he issued a PR about an upcoming merger PR.

http://finance.yahoo.com/news/IceWEB-Inc-to-Make-Material-iw-1503090284.html?x=0&.v=1

http://finance.yahoo.com/news/IceWEB-Inc-Announces-a-iw-388927119.html?x=0&.v=1

Now that he "has egg on his face", it appears that he has nothing to say.

Time has ably demonstrated that IWEB is quick to over promise and under deliver.
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msgbrdinfo

07/20/11 2:41 PM

#8098 RE: Southern Gal #8096

He said he doesn't know so why add in the "could be weeks or months" bs?

It could also be years or decades or it could be hours or days.
If he doesn't know then of course it could take a while but it also could be close at hand. If the financing is ready to go then they would just have to settle any management decisions and it's on.
The CEO should keep his mouth shut after his last two mistakes. I don't blame him for fearing being wrong again. But also ... he should release a PR on the merger status with no timeline. Just letting investors know they are still negotiating would do wonders for price support and show some investor friendliness that is lacking right now. IMO
I sold out of this security months/years ago and didn't want to look back. ...I did and now wish I hadn't. The CEO is a problem IMO.


He said he didn't know when the merger would happen and that it could be weeks or months

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nbm16yankees

07/20/11 2:42 PM

#8099 RE: Southern Gal #8096

Southern Gal,
Thank you for the info..
I guess there must be some "headwinds".