Nice response, Joe. It's a tribute to say, as you did: "I have been wrong many, many times."
So have I. And I'm sure I'll be wrong again. (I sure hope I'm wrong on my last remark--but that won't happen.)
So please tell me. Who said or required that the audit had to be PUBLICLY released by 4/30? I'd like for you to at least answer this question, ignore the rest if you like.
I don't personally know you, but I sure respect your stock savvy from over these past months. And I note you seem to have a pretty strict standard. But your earlier standard was (and there's nothing wrong with being wrong if you're trying to be right, within reason) that you wouldn't buy UNTIL the financials came out.
But the fact is, according to your recent announcement, you bought NETZ in the past week and even encouraged others to do so after you bought it--it made your stockpicking list even! All of this occurred BEFORE the release of the Zulu audit. You did this, according to your explanation, on the strength of Steve Lair's association with the company.
He's still there, by the way. In case anyone hasn't noticed, yes, he's still there and his role is shared by many, many hard-working and career-dedicated people who are working within ESVS/Zulu components.
What if the audit were completed and delivered to ESVS by the prescribed deadline (as we know it, 4/30). Where anywhere is it stated that it should PUBLICLY be released at the same time. Were you part of management of this company and your audit just got completed, wouldn't you want to fully examine it?
My point is: Why not wait for this possibility? You didn't.
Instead, you knowingly or unknowingly heaped aspersions on the quality and good name of this company, and all who work within it--after you sold. These aspersions don't help the company's clients either. Sure, Wired and SD have their own specific agendas. We know this. But the problem, really, is was Wired's and SD's information based on well-founded or poor sources? There is doubt on this.
The Wired and SD thing is bad enough. For sure.
But must you arbitrarily create a whole new deadline? Midnight, tonight? Are you serious? I don't get it. Where'd that come from? And this deadline exists for you, after you've already announced you sold your shares today, at a minimal profit. Of course.
Another question: Why can't you, of all people, entertain the possibility that this audit has been completed and was delivered to ESVS today.
After all, isn't it possible top management and lower management need to be briefed on the audit findings? Is it not also possible that both the IR and PR firms need to be briefed on the aspects of the completed audited report. After all, this is an important report, is it not? Is it more important for you? Or for them?
One thing we do know: ESVS has been, presently is and every indication for the future is it will continue as a fully reporting company. Isn't this why ESVS stipulated a time certain for the Zulu filing? If Zulu is to become ESVS, an audit need first exist. In short, it's not OUR deadline--it's theirs!
Otherwise, Joe, what you're saying is that Zulu only intends to screw ESVS. My view is that Zulu is so sincere in what it's doing that it chooses not even to screw Wired--though it probably legally could! You see, it knows that Wired will some day write differently about the company. That's how the media works. It explains the silence.
Now, some clarification please. Are you selling 'cause you think the merger's gonna fall through? Are you selling only because the finances aren't out, even though you're selling something you said you'd never own in the first place?
Or do you see this as an opportunity to grab more shares by announcing you sold today, and others will follow. This, of course, allows you to buy more shares cheaper tomorrow, or the next day. After all, the price has remained flat, hasn't it? Isn't there a logical assumption that, on no news, the price will go down further tomorrow--therefore a daytrader's buying opportunity?
Now, to me. I sold my oil drillers because of a quirk in my particular holdings, my last one I sold today (hopefully, I'll get back to them--they're reasonably good at this point). But, because of this, I now have more money available to invest in NETZ. If I want to.
I, of all people, given my history, could be positioning my statements to try and make the stock cheaper. In fact, I'd probably even succeed if I tried, given how I've been such a proponent of NETZ. I'm not gonna do that.
I remember that you took great pain during the tense moment at the last crunch (hello Wired) to explain why you sold your NETZ then. And you did so honorably under the conditions. However, I'm taking great pain (aren't I) to describe why it might be worthwhile to buy more, even though it may cost me more because of what I've said now.
Is there a ying and a yang on this? Probably. But there's no deadline on when ying and yang--either one--manifests itself. Heck this is getting too deep. I'm done.
So I'll close like you frequently do: I might buy more tomorrow, I might buy more on Monday or Tuesday, before or after public release of the audit. I don't know. Then again, I might buy another oil driller. Either way, I'm ready buy. And I won't hesitate to buy NETZ if I can get a low price tomorrow or the next day. |
