Replies to post #15398 on Adaptive Medias Inc (fka ADTM)

[joenatural]

Had a brief talk with Ben a couple of days ago and he's as fired up about the business now as ever. I'll leave it at that.

[Durand]

Look at it this way. What if someone told you that a company issued the CEO 27 million shares and that the shares will only be issued at 1 million a month and come with a 20 month lockup agreement so it will be almost 2 years before they can be sold. You would think, wow, that's great, the CEO must really believe in the company. And then what if they said just 6 months later the CEO appointed his best friend to the BOD and this director then agreed to waive the lockup and the CEO now has all the shares and can sell them at any time. Without knowing anything else about the company, what would you think about the CEO then? That's the issue, once Shareef starts having these agreements changed to benefit himself, that erodes shareholder confidence and makes it hard to believe anything he says. When you're a penny stock start up, there is a certain way to go about things if you want to be perceived as legitimate and so far Shareef is doing everything wrong.