Quite frankly, most of us who have followed penny stocks over the past few years, could bash or pump these things similarly. I often stop the pro bashers cold by asking them to give me a couple of their top picks so that they can be compared and "bashed." Usually, they back down.
Let's face it, this stock is selling in the pennies, (we hope <ggg>) for a reason.
I've been openly critical of Sands, but, as I said in my earlier post, I have to give him his due, and I made money today, for which I am thankful. I'd prefer to be objective and look at the good and the bad, again, comparing to the universe we inhabit where bash and promotion, i.e., perception are more important, than actual facts. It's unfortunate but true.
As to your specific points, I don't read RB, largely because it is a cesspool of pumpers, bashers and spam. I wouldn't put a lot of credibility on any posts there pro or con, bull or bear.
But -- all CEO's line their pockets. See my posts where I urge management to take a different approach. I have posted often about the benefits of establishing a strong shareholder base, by giving up some of the initial cheapie shares, and working for the HISC type rise, which gives them and shareholders more in the long run.
I have to confess that CEO's rarely see it as I do. They usually want the quick pay day. When I feel that they can't be convinced to moderate their greed, I typically sell. I sold most of my IGTN shares on the initial runup and posted that. My reason was that I felt that Sands was less than forthcoming with respect to the capital structure.
I also bought back after the tanking with respect to the r/s, about which I posted my negative thoughts. I bought back more today because I saw a particularly moronic basher on another board and figured it was worth another shot.
With respect to the office - I think you may be referring to the fact that he was paid for using his own house as an office. I think the rent was like $1400 for 1200 square feet. A basher on SI made a big deal about this too.
Let's be objective. That's chicken feed. If he wants to steal from us, he ain't going to do it that way. It's a tax dodge for him. It's about 15 K or so for the year. If he wants to screw us, there are much easier ways. Basically, jack up the pay or grab more cheapie shares.
Again - don't get me wrong. I'm not defending Sands, but you have to be objective. The house rent, which sounds like pretty cheap rent to me, is probably a good thing for the corporation. The same moronic basher would be posting that the rent was too high if he paid 2x to an arms length landlord, right?
I did see bashing posts about Green and I suspect that there is some self-promotion there. But again, this is the way it is with these pinkies and these penny stocks.
Do we really think that every CEO of a tech company is a combination of Einstein, Bernie Baruch and Bill Gates?
I'm being attacked on SI for going after the moronic basher. I think I've been pretty fair and objective here.
I'm willing to go with Sands here for now and see if he lives up to his specific promises to stop the dilution and to provide his preferred shares for future financings, in some way to limit the future dilution. I've also posted other suggestions that I believe would help the share price.
Just my 2 cents or more <ggggg>
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