I've been following this company for a while now, but never posted. I've been cautiously optimistic about the company until this morning. Mr. Rutledge's name seemed familiar to me, so I did a little digging. Apparantly, if you want to be the president of this company, the best way to do so is to start by calling out its CEO for his business practices.
From poster named JohnPRutledge on January 11, 2011: (referring to the recently filed 8k giving Mr. Rosenberg 25% of the company) "I'm afraid it only makes those of us long on this stock look stupid. Frustrating that such a poor decision could be made at all --- let alone so close to such a big launch. My hope is that he'll renounce his 25% for early payment of the notes. That would be an equitable, reasonable trade --- and would, of course, provide PDOS shares a good opportunity to bump." http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58848319
There are others, too, where Mr. Rutledge is equally as displeased by Mr. Rosenberg's actions. Is this a case of "if you can't beat them join them"? If, as he said, Mr. Rosenberg's actions make those of us who have held long here look stupid, joining forces with him makes him look shady, I'm afraid.
I'm afraid my first post will be my last here after this. I'm selling what little I had left and will not be following this board any longer. I wish everyone here luck but I'm afraid I can't allow myself to be emotionally invested in a company that seems to attract con men and lawsuits like moths to a flame.
I leave here saddened that a great opportunity was wasted on those that couldn't take advantage of it.