Jon, I understand your apparent desire not to build up false hopes, by dissecting what Lane and Mary discussed. However, I prefer to keep management's feet to the fire on the financials. Cunningham (post #6309) reported that Heather personally guaranteed (for whatever reasons, I don't know) that financials would be released by early May, Pratt (post # 6330) reported that Mary told him financials would be out next week (i.e., this upcoming week), and Brady (post # 6259) reported he was told that financials would be out last week or this upcoming week.
This is about as clear of a commitment and deadline (next week, or early May) as we will ever get. The collective calls from this thread have done an excellent job of pinning down IR, at least. With this commitment/clarification, etc., I am a believer (with a large block of salt on my desk for emergencies), and will be sorely disappointed if financials are not released, not some half-baked excuse for a press release. I value this commitment far more than our self-created 4/30 deadline for public release of financials.
With respect to your comment to Lane that NETZ could not favor one class of investor over another, by the release of financials, I do not know if that is true or not in this situation, where NETZ has contracted to provide financials to a business venturer who also happens to be a 25%+ shareholder. Does that mean NETZ cannot comply with that contractual requirement by providing the financials in confidence, and with the understanding (and no doubt legal restriction) the information not be used for trading purposes? One would hope that two potential joint venture partners could share financial information, without having to release it to the public first, so long as it is not used for unfair advantage (i.e. insider trading).
If you are correct on some restriction on release of information (even if only internally and per contracted for deadlines), then we will know in the next few days whether a deadline was met or contractually extended by the two companies (they are interrelated, and could do whatever they wanted to do with respect to their own obligations to one another, couldn't they?). |
