Steve: Hard to believe that Jay would lie about going after the Florida contract again. If so, the Board should take immediate action and fire him. He has got to answer for alot, as does John, and indeed the entire Board who seem to have been sleeping as Rome burned. Perhaps that is what is coming. We have so many insiders on these assorted threads that it is increasingly hard to tell fact from fiction...indeed, what facts do we truly have. Perhaps the best thing to do is to write this entire investment off mentally, and hope for the best. Alot of what Jack says seems to have some sense, but who knows at this point. The earnings will be down, but by how much? The company will have some reorganization, but how?
There will probably be some contracts, but when? Companies do rise from the depths, but it takes time. With competent management, an established client base, and good product, it can happen. Lots of ifs. Hold your stock, and take your chances.
Elliot |
