Jerry, Very good post, and to answer your question, please do not take it that I was implying that you did not call. I only asked him if he remembered any, of a list of people, your name included, that had called. He stated that he didn't. He simply is burdened by to many tasks, and in fact as I was talking to him (1/2 hr) about 2 interruptions where I was put on hold, and when I got off, there were 3 calls waiting. I'm only telling you this to emphasize the understaffing and to illustrate the itinerary that Mr. Bunte keeps.
I am always concerned with conflicting information, especially when it comes to investments. I plan to go over point by point any inconsistencies that are noted.
A couple of key things that your reply jogged in from my memory was that we discussed the S-8 shares. He stated he didn't know what S-8 shares were exactly, but that there had been some 144 stock (restricted) that had been issued (2 mill approx)that was related to
some recent key personel hires. He stated that 16 to 18 million shares were under lock and key (restricted) and that to the best of his knowledge 6 to 8 million shares were in the float.
I have discussed the importance of good investor relations with him in the past, and will continue to emphasize the need. I have even suggested that the receptionist be given updated information, or that she be instructed to take down addresses and that a prepared packet of information be mailed in an expedient manner. As I had previously stated their investor relations, suck.
When I go to visit, I plan to write the facts, good or bad, and be armed with meaningful questions. In the meantime, I am going to suggest that the company consider a conference call, as an effecient way to correspond to shareholders needs. Most conference calls end with a question and answer period, and that should quell a lot of skepticism.
What do you think?
Raleigh |
