Attention All ConSyGen Shareholders. >>> WHY CONSYGEN FAILS TO PERFORM <<<
I have tried several time to bring to light several reasons why this company continues to under perform the market place and other year 2000 companies. Once again, I must point out the fact that we, as shareholders, have been shunned by management and have not been kept informed of what is going on with ConSyGen Inc.
Again, I must point out the fact that at the annual meeting Ron Bishop had promised to keep the shareholders apprised of the company's progress. From what I understand, the shareholders were told to expect monthly shareholder letters and to be able to partake in conference calls. WE HAVE SEEN NEITHER
Not only has ConSyGen managed to keep the investment community, as a whole, unaware of the company's potential, but now they are at serious risk of losing their core investors. This company's investor relations is pathetic.
There is a fine line between being overly aggressive and being too conservative. ConSyGen stepped over the conservative line a long time ago, and it seems that the management has not seemed to be able to find its way back.
The Year 2000 marketplace is not one for a conservative approach. The last twelve months, while other companies were busy getting attention, ConSyGen was busy worrying about not saying too much. The company failed to gain needed market attention and only damaged its own credibility. It is my opinion that the blame for this "conservative approach" should fall directly on the shoulders of ConSyGen's legal counsel and the management.
The best example of the kind of advise ConSyGen was getting, is the old disclosure statement that was being used. I can honestly say that in 15 years of following the market, I had never read such a absurd and ludicrous statement. Only after months of complaints by the shareholders did management finally wise up and rewrite it. (which I still think is too overbearing)
The advise this company has gotten on what to and not to say has been dreadful. It is my opinion that this conservative attitude has, single handily, done more damage to the company and to the shareholders. However, management should be blamed just as much for listen to the advise, than the person or persons giving it.
ConSyGen also needs to address the total incompetence of their PR firm, Janis & Co.
Initially, when the old PR firm, IRA (Michael Block and Tom Dean), were replaced by Janis (Elliott Jacobson), we started to see a improvement in the announcements hitting all the news wires. IRA couldn't get a release to hit the Dow Jones if their lives depended on it, but Elliott was doing a better job and most of ConSyGen's news releases made it on Dow Jones and the other major wires. However, Janis has been very unsuccessful in getting ConSyGen's name out to the investment community and has not been able to get any kind of major media attention. In the last few months Elliott was just starting to make some headway with several media sources, but I recently found out that Janis and Co. has terminated Mr. Jacobson and has appointed a new person, Hal Schweig, to handle the ConSyGen account.
Through conversations with several other shareholders, I became aware of the fact that Mr. Schweig has no clue as to what is going on with ConSyGen. From what I understand, Mr. Schweig was recently asked if any of the latest announcements SCBI has made would be bringing business to ConSyGen ...... Hal's response was "who is SCBI ?"
This kind of incompetence CAN NOT continue. It is outrageous that the PR guy has no clue who the alliance partners are. It is inexcusable. Just when Elliott Jacobson was starting to get his act together, Janis replaces him with someone who has no clue what is going on and we are all back to square one again.
Only a few of us who have done the due diligence are truly aware of this company's potential and what is happening behind the scenes. There are many, many, things going on that most investors, large and small, are totally unaware of. This is why the attention, volume, and volatility have all been reduced. The MM's have lost interest because they can't trade a stock that no one is buying or selling, the investors have lost interest because the company doesn't say anything to them, the institutional investors don't pay any attention because of all the above.
Yes, the clock is ticking for companies who have not yet addressed their Year 2000 problem and we are all waiting for the flood gates to open, but the clock is also ticking for those companies who wish to partake in the solution. It is time that ConSyGen and Ron Bishop start to make good on some of the promises made at the annual meeting. It is time to cut off the unproductive PR firm and the conservative attitude this company has adopted. It is time to realize that your stock and your company will go nowhere without support from institutional buyers and the market makers. It is time to take off the gloves and aggressively market yourself not just to companies looking for a Year 2000 solution, but to investors, brokerages, and institutions, looking for a Year 2000 investment.
We should all be encouraged with the latest additions to ConSyGen's managerial staff and to the board. I hope that these new members and executives bring a change of attitude and a more aggressive approach. I hope they realize the importance of keeping the shareholders aware of the progress of the company. I hope they realize the importance of market awareness and support, not just for the product, but for the company as well.
For a company who's logo is " It's About Time "..... , IT IS WAY PAST DUE. |
