Passengers, please welcome Mr. Tim Conway aboard the Princess. Tim, despite his extremely busy movie schedule, has been conducting some research into Systems of Excellence stock. Here are a few things he had to say. Mr. Huttoe owns many shares. It is reported that he has 3.4 million restricted shares, which shall go "poof" when the SEC finishes with him. Tim thinks the SEC is confounded about where the other shares have gone, seeing that he once supposedly owned between 5-6 million shares. Have these shares been stashed away? Nobody knows for sure, but Tim thinks that Huttoe has property and assets in the Caribbean. Maybe even on one of the islands where we will be stopping at one this cruise. All of this should come out eventually, so we'll just have to sit and wait.
One other thing that Tim fears is that the number of restricted shares are much lower than earlier thought. Tim suspects that some people lied to shareholders about all the shares that were issued. If you recall, every time shareholders found out about new shares, they were told the shares were restricted. Now Tim has his doubts about the truthfulness of these comments. Tim is not 100% sure about this, but suspects this to be the case. Which makes Captain Stubing suspect that all of this will wash out in the audit. It appears Mr. Huttoe MAY have pulled another one over on us. Now the big question is whether PR was in on it. At this point your Captain of the Seas has suspicions about any and all PR people associated with Systems of Excellence. They may be innocent victims of somebody's misinformation, but they have continually passed along errorenous information.
Captain Stubing now chooses only to believe in his engineers in the Virginia office. He also hopes that Mr. Walther will relieve the whole bunch of PR types of their duties, as their ineptitude has clearly been demonstrated on countless occasions.
Daniel, I do appreciate your comments. I feel your mastery of the technical side of the business will greatly help us in understanding this situation. I do differ with you, however, in your analysis of industry capabilities. It has been my experience that there are numerous companies out there with 30fps capabilities over a digital environment. Claims of this have been made by Picturetel, VTel, CLI, Lucent, and other small niche players. For instance, browse CLI (www.clix.com) or VTel (WWW.vtel.com). I believe they make such claims, although I do suspect the resolution quality may suffer, and their video may bog down in a LAN environment. Nonetheless, I do see that they make the 30fps claim.
I suspect that this restricted stock rumor (and it is just that, it needs to be verified) will probably anger some people, but if true would have come out eventually. Captain Stubing would like to get a straight answer on this, but the SEC won't talk, the company has been silenced, and PR is not to be trusted in my opinion. So have another margarita, compliments of Isaac, and we shall wait and see what the revised 10-K says. |
