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20/10/15
00:20
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Originally posted by boristhebear
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Well i just sold 200k shares because I really have lost confidence in the company. I still have what used to be a very considerable investment now enough to buy a nice car where as I was hoping for a nice house. I really do not see this going well on the nas tonight. I imagine we are still 2 weeks out from any news that will turn this around so hold on tight this is going to get rocky.
I believe that not paying rent, not paying bills etc etc and putting your hand in your pocket to lend money so we can borrow more money is not amazing management. As to the cfo being so on the ball as to get all the bad news out etc etc. Why he did not as soon as he came in CR pay all the bills and get us nice and tidy even if it did dilute us a bit in my eyes would have been a lot better then to stop paying bills and then fuel the shorters so the share price tanked to where it is, the same as it would have been if a cap raise was called. We would of had cleared a bit of debt but instead we are at the mercy of companies looking for a deal. So basically I really would like to see a total shake up of management. To all those who think he has done an amazing job well just look at the share price, to 99 percent of the investment community management has not and we are a fish floundering out of water.
If we have great products that should equal great sales which should equal great profits with great management. So you pick the one we dont have. Is it the products fault ? Is it lack of sales ?
Anyway I have had my vent.
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"I believe that not paying rent, not paying bills ..."
when/where was this announced. Did I miss it during my two readings of the 8k and press release? Page # and paragraph would be helpful because i'm obviously having trouble reading. lol