No it won't Scooter! From John Folger, President
It is quite true that some decisions I made were not very good in hindsight. The $1 million was one of them when we found out how badly they treated the stock they got and just dumped on the market, which hurt everyone of us.
My most important bad decision you have not recognized. It was closing down the 11 properties because of the news paper article. I should have had a thicker skin and just buckled down to fix the cash flow shortfall because we had revenue, which should have been $30K per month. I should have focused on making that humble beginning into a model for success, instead of running scared from the reporter.
The Earthlinc deal was a good idea, but it required a $35K fee to make it an exclusive and the payments would have been $250K every 6 months totaling $750K. Our stock price couldn't handle the dilution.
I have always tried to be honest and forthright, but some people want to twist things for their own agenda. Yes, I make mistakes, but am fairly straightforward about admitting them.
There is no question that I will not answer, as long as I am able. And yes, all of the financing sources are mine. Yes, I do have short and long term financing available and yes, I already have alternate board members willing to serve.
As some on this board will attest, I answer my phone 727-277-8196 and email- please use this one for now johnfolger@earthlink.net
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