This is my very first post and I have been reading this board for well over a year now and always thought it was a great and informative board and really enjoyed reading it until the last 2 days. Before I go any further, I want everyone to know I am 100% neutral. I first purchased this stock at .38 before the proposed Sanswire launch last year. I now have 5000 shares at no cost. (nothing to lose). I realize this is a boom or bust stock and Seabass has brought up some valid questions and is ripped apart for it. I know they have products with great potential going into the future. No one ever comments on where the money will come from to carry out the tasks. They stated they would be close to cash flow positive, they stated over a year ago about the Sanswire launch, they have never actually proved the Post article 100% wrong, also the letters of intent, (where is the money?) How long can this company actually last with the high payroll expenses and escalating costs of the Sanswire project without a launch soon. The other divisions are not yet living up to their expectations to fund this project. Without the successful launch of a stratellite the letters of intent mean nothing. This stock reminds me so much of a company called XOXO Communications, they made positive statements until a week before they went under Chapter 11. You are not doing any justice to potential buyers of this stock by knocking Seabass who is looking at this company from the opposite side of most of you. This company is far from being another Google yet most of you project it like it is. What actually came out of the 2 shows that did any good, have not seen any contracts yet? While I am happy to see this stock go up I have to ask myself why. With the potential dilution of a possible 10 million more shares hitting the market what will be the effect?
A very open and concerned shareholder.
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