**OT** "Public Companies -- Risky Business" One Reporter's Opinion, Vol 2 Part 1
A lot of start up companies fail, whether they are public or private. Not always because they are scams but because when they start they are not prepared for what lies ahead (to over-simplify it).
PABN was not prepared for some of the things that came up earlier in its history. That doesn't make it a scam. I really have not followed AZNT, so I don't have any comments on it as a company, except to say that the 8K you quoted is a very sloppy piece of work. I'd have to say they appear to not be prepared for being a reporting company, at the very least.
The really significant thing here is what AZNT has to say in its 8k to the activities of posters on SI and what it intends to do about it. Setting aside the grammatical, spelling and other errors, the significant things are (1) they are using this vehicle, the 8k, to put certain people on notice and (2) the actions of those who are being put on notice.
(1) Using the 8k for that is inappropriate, IMHO. It will backfire on them.
(2) If they do file a law suit, it will be inconvenient (to say the least) for those against whom the suit is filed.
It will be interesting to see how this works itself out. IMHO both sides will not be able to escape reaping what they have sown. Being sloppy, unprepared, etc., has its costs. As does harassment.
The above is the result of my brain working the matter over, your results may vary.
PCM
GO PABN!!! |
