Norman and everyone else...
First of all, I would like to say that I have been a subscriber to Charles Kings QLSI/RICA newsletter. I think that he does an admirable job in keeping its shareholders informed. He does more research and maintains better contact than most RICA's other shareholders.
I think that it is a diservice to him, as well as myself, to accuse us of being promoters. Both of us became involved in the SAC concept because we felt that it was a means of sharing information in a mutually beneficial manner. However, Charles and I are both merely shareholders in our respective companies, not insiders, nor paid consultants. He likes RICA and see long term value in the company, and given the circumstances of the Costa Rican economy, I would agree.
In fact, Charles watches the situation so closely that he asked me to assist in translating the local CR financial newspaper, El Financiero.
How many of you do that??
Furthermore, our SAC newsletters are for informational purposes only and not an excuse for failing to do your own due diligence. And along those lines, neither of us ask YOU if you are trading the stock, so no one should pose such a question as to whether or not either of us have bought or sold shares. Every subscriber to my newsletter requests to be included. I do not solicit members, nor do I charge a price for admission.
So why do I do it?? Because, believe it or not, it is fun. I have learned so much about the stock market from both my readers as well as the various companies that I have been involved in. Do I have a bias?? Probably, because I want to see this company succeed. Will I intentionally try to deceive people through spurious claims and untrue statements?? HELL NO!! I believe in being as forthright as logic dictates. (ie. thus the reason I didn't make a big deal of the 144 filing for Bill Carraway and his wife. Once I had an explanation from the company, I made the decision whether or not to bring it up publically.) Take a look at my track record on a former stock that I followed, MUCP. I believed and believed, and finally got tired of believing as it failed to keep its promises to me and its shareholders. I got out, and subsequently many of the things that I predicted have come to pass. (sorry to those who held on... )
I learned a lot from that experience, mainly that there must be a great management team and a belief in disclosure. There must also be a professed belief in the value of informing shareholders and providing credible information. Those of you who have studied GRNO website at greenoasis.com (I mean each and every page of it) should realize that GRNO has been more than forthcoming. And granted the past year and likely 1997 as well have been extremely "Fluid" in terms of direction and strategy, this company has continued to show that it desires to have informed investors who have made an informed decision based on the level of risk.
The information is all there for you to read. And Bo and Spencer are always available to answer your questions at 847-266-2050/55.
I'm a shareholder, and make my own decisions based on my research. So must all of you. Nothing is ever perfect, but if you still believe in the long-term value of this company as well as RICA, you will do you diligence and make your own decisions. Neither Charles nor I will ever tell to buy or sell this, or any stock. We're not qualified to do that and that is not our role.
Finally, from my personal conversations with Charles, I know that he and I share many common values. We're both looking for honest companies in which to invest. If we didn't believe in them, we wouldn't be staking our personal credibility, (AND assets) on them. However, we're only human, just like the rest of you. So knock off the personal attacks and start doing your research. I'll guide you to the info, but I won't carry you... :0|
Regards,
Ron
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