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Wieder von Freund Soapy:
Afternoon all! Looks like a busy weekend!
Seems like a struck a lot of people the wrong way last night and for that I apologize.
Although my comments seemed harsh, it comes from the realization that TS can do his work with or without retail at this point. Our role in this game was to absorb the dilution from the old Cornell debt, help TS kill it off, and then give him the freedom to perform in accordance with the plan. But do we honestly have a position in that plan? I don't see it -- and if you do, I'd like to know. I am quite sure TS could easily get large investments, perform cash swaps, and other M&A activities as a private holding company willing to repurchase convertibles. So, where do we sit now? Simple -- we're stockholders (a small bank worth about 1.5c*860M=12,900,000 USD -- rough estimate). We're not needed for debt reduction (as needed earlier) nor are the funds we contribute on a daily basis comparable to private investors. I don't mean to belittle our position, but just to provide a reality check. Think about it -- let's say you bought 4M shares at 1.2c (48kUSD). Does that make you comparable to the private investors as of late? It'll take 10-12 such investors to equal (roughly) the contributions of Graham and thousands to match the expected investments of YA. Thus at this point, we've lost our position of importance and wait for the larger players to make their choices and move the stock.
As for PR, TS knows the PR needs to match the important players. If you followed the above, that's not us -- it is indirectly in terms of absorbing a legacy debt -- and he needs to appeal to the upcoming players. That's what I meant in the previous message -- that TS will produce technical papers suitable for particular investors accompained by the occasional shareholder letter for the rest of us sitting here with shares waiting for growth. Just don't be shocked if the SEC filings are the real meat (as Gold stated the last one as the best (or better, something like that) PR of the year) of the imporant news written in technical language. That's just the game at this point and we've transitioned from a shareholder to investor game the moment the previous 10Q said we were out of Cornell.
I dunno what to tell you guys -- it's just a new game and we need to adjust. We're playing with YA, Permo, Lehman, GS, and others -- it's a new crowd and the party just got a LOT BIGGER.
Does that need Wrink's gauntlet? Damned right it does. We must change as investors as to see where we're going and how this dance will end up. It's not just a penny stock anymore -- it's a 1.xc stock with a new game face, big board plans, and the people to take it places we cannot get access to. It's time run with the big dogs and learn their bark -- and bite.
Want to learn DD and get books on investing? If so, look here:
investorshub.advfn.com/boards/board.asp?board_id=11294
Also, never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
Afternoon all! Looks like a busy weekend!
Seems like a struck a lot of people the wrong way last night and for that I apologize.
Although my comments seemed harsh, it comes from the realization that TS can do his work with or without retail at this point. Our role in this game was to absorb the dilution from the old Cornell debt, help TS kill it off, and then give him the freedom to perform in accordance with the plan. But do we honestly have a position in that plan? I don't see it -- and if you do, I'd like to know. I am quite sure TS could easily get large investments, perform cash swaps, and other M&A activities as a private holding company willing to repurchase convertibles. So, where do we sit now? Simple -- we're stockholders (a small bank worth about 1.5c*860M=12,900,000 USD -- rough estimate). We're not needed for debt reduction (as needed earlier) nor are the funds we contribute on a daily basis comparable to private investors. I don't mean to belittle our position, but just to provide a reality check. Think about it -- let's say you bought 4M shares at 1.2c (48kUSD). Does that make you comparable to the private investors as of late? It'll take 10-12 such investors to equal (roughly) the contributions of Graham and thousands to match the expected investments of YA. Thus at this point, we've lost our position of importance and wait for the larger players to make their choices and move the stock.
As for PR, TS knows the PR needs to match the important players. If you followed the above, that's not us -- it is indirectly in terms of absorbing a legacy debt -- and he needs to appeal to the upcoming players. That's what I meant in the previous message -- that TS will produce technical papers suitable for particular investors accompained by the occasional shareholder letter for the rest of us sitting here with shares waiting for growth. Just don't be shocked if the SEC filings are the real meat (as Gold stated the last one as the best (or better, something like that) PR of the year) of the imporant news written in technical language. That's just the game at this point and we've transitioned from a shareholder to investor game the moment the previous 10Q said we were out of Cornell.
I dunno what to tell you guys -- it's just a new game and we need to adjust. We're playing with YA, Permo, Lehman, GS, and others -- it's a new crowd and the party just got a LOT BIGGER.
Does that need Wrink's gauntlet? Damned right it does. We must change as investors as to see where we're going and how this dance will end up. It's not just a penny stock anymore -- it's a 1.xc stock with a new game face, big board plans, and the people to take it places we cannot get access to. It's time run with the big dogs and learn their bark -- and bite.
Want to learn DD and get books on investing? If so, look here:
investorshub.advfn.com/boards/board.asp?board_id=11294
Also, never believe anything anyone tells unless you can figure it out for yourself. (That includes everything I tell you.)
