Some sorry state this is - would have preferred a resignation.
Just the fact these guys have written this letter to shareholders supports Varukas view that these guys are just geos and have no real business acumen - that's why shareholders have spent $10m on so many "advanced" plays with nothing ever happening.
Heres some real advice for creating shareholder value - Cancel the CR, stop chipping rocks & modelling and CONCENTRATE on a JV and not just with unsolicited approaches. How about using "advanced telecommunications" and marketing the "huge potential demonstrated by the great historical results".
ADVANCED bottom line - change needed.
LCR Price at posting:
0.4¢ Sentiment: None Disclosure: Held
