Sounds like a last ditch effort by SG to get a little attention going and some more bucks hitting his ATM! What he has " thrown " out to shareholders this time is about as bad as it can get for a " start-up company "!! All this shows is a totally inept CEO that has no " business sense ".
SG was quick to " push the blame " off on everyone but himself in the demise of FLIP so is should make one wonder who or what he will attempt to push the demise of SEEK off on???
IMHO, SG has the FORK IN SEEK and shareholders know it just as the investment community now knows it. I seriously doubt many, if any investors will bite on his PR's and filings. Even a tier change is not going to get SEEK noticed with this kind of visibility.
Anyone who can add 2+2 can readily see that SEEK is now in PROVEN deep DODO LAND from a financial standpoint and from his past failure(s) one should be able to summarize that good ol SG will take yet another company into either BK or SHELL status over the next 12 months.
I feel this is his last ditch effort in communicating his dire need for money with shareholders. Kind of a quick, down and dirty way to let everyone know he is going to be hiding out until the next SHELL rears it's ugly head! I am sure you, JBM1, will be following SG's untimely demise and any more SCAMS he may try to start in the future!! Once a CON ARTIST, always a CON ARTIST so I would expect good ol SG will be right back at it just as he did with FLIP!
I am also going to assume that most shareholders here will be holding their basically worthless shares until that time that SG rolls over to play dead......until the next one!!
GL2A but IMHO, SG has let EVERYONE down, including himself and his less than stellar REPUTATION!
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