Your point is well taken Mr. Dendro regarding shareholder expectations, contentment or disgust with companies they own.
Too often shareholders do not express themselves well enough regarding the performance of management, and allow management to wallow in mediocrity.
Management in Olympus in the brochure decided to push the envelope with the following: Olympus Ventures, Inc. of Fort Lauderdale, Florida, is a well managed, well-financed apparel manufacturer with wholly owned, high quality production facilities in Florida, Nicaragua, and the Dominican Republic.
3 questions come to mind,
1) Are they well managed? Based on their history and SEC enforcement
that is highlt debateable.
2) Are they well-financed? That is an absolute no; their financial position has been prcarious for quite some time and most certainly at the time of issuance they could not be considered well financed by any stretch of the imagination.
3)Did they own wholly owned, high quality production facilities in Florida, Nicaragua, and the Dominican Republic? We know that answer is, no.
Directors listed on that brochure are: Gary Morgan, Roland Breton and Joel Marcus. Officers are Gary Morgan, Roland Breton and Cary Morier.
What were they thinking when they put this out?
How can anyone support this?
This type of misinformation should not be allowed to be released to innocent investors, hopefully not too many bought because of this. |
