DC100~~
It might be a possibility that even CEOs were caught up in the Internet craze from the bubble period (referring to bubbling buying on Internet shares in the late 99' and early 00' days). I personally do not see anything wrong from what has been stated by the former CEO of HRCT. I do, however, wish that the "faithful longs" could have been a little more objective on what appeared to be taking place. One lesson that I have learned is that I will no-longer hold ANY stock based on potential forward looking ideas. . .and whether I'm termed a "defector" for selling, goes. The "faithful" shareholder policy (whether it exists or not) is what hurt most of the longs. My interpretation of a "long" is anyone that has held a stock for over 12 months. I have no reason to hold a stock for a millenium. I guess we all interpret "long" to mean something different. And, that interpretation can be based on many things. I suppose there is no need to go on about it.
Anyway, provided HRCT can come up with the necessary capital to fulfill their quest (which I personally believed was going to happen) than things should turn out bright. I firmly believed that all of the deals that were stated to the market, were already financed (or notes were in place). Now, I'm hoping things can turn out better. Particularly for investors that bought into the HRCT dream at high prices.
For the record: I do not believe that Dr. Phan purposely misled anyone. I do, however, believe that he needs a consultant he can listen to. His business acumen requires a little more of an objective stance. . .and more consideration on market variables (rather than the "after the fact" thing that has taken place in the past year). It has been most exciting to watch HRCT's purpose, unfold. It has not, however, been exciting to see the company take this "quite period" to the height of confusion.
Many of us expected the SA IPO to be completed. We expected the Nasdaq listing. We expected the "American" partner. We expected the American underwriter. We expected the return of adequate valuation on the stock (which may be adequate, in light of things exposed in the 10KSB) and we expected, deliverance. Our "expectations" may have been a little lofty (concerning the downturn in the technical markets). But how come MSFT has managed to come through? Has anyone watched that stock over the past month?!! That is what is called, "leadership." MSFT just continues to deliver. They produce valuable products for consumers. And . . .they typically exceed statements about earnings. In short, "they deliver" or. . .they "Just Do It!"
Okay. . .I bought into this dream at a very high risk level, and from purchasing very high risk stock. Now I understand why that took place. This "Possino, Pacific Rim, Sherman, Truthseeker BS" and all the other crap, has not made many a long a very happy camper. I'm tired of hearing the rumors and statments on the message boards. I would like to hear a statement from HRCT as to what this is all about. Particularly these "long-winded" bashers that continue to haunt the organization. Can anyone else give me a stock issue that has been so regularly taunted by individuals that appear to be determined to destroy the organization? Please let me know, if you can.
Granted, naysayers and opposition will always be offended from success. At this level, however, I'm beginning to wonder about HRCT's success potential. I am extremely saddened that there will be no $10.00 per share dividend (that is really the only reason I held HRCT through the maddened market). Of course, logistically, how can HRCT do something of this manner? Now, it appears SA's IPO has been delayed. This is a lesson for me. . .and for the HRCT's management. They simply have to deliver the goods. And, by all means, they need to avoid presenting deadlines to the market (and what appear to be promises to investors) that things are going great (when it appears they are not).
In ending: How come I still believe that someone can come aboard this ship to finish the dream? Why do I need a reason to ask this question?
Peace,
M&M Man
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