A very thoughtful post, Aleta.
I agree with you. Your point should be well taken.
However, I'm willing to give the company the benefit of the doubt in light of the fact of what they've accomplished in such a short span of time and the inherent confusion that must exist regarding the particulars of the merged and/or acquired entities.
As one example, Tom Burgess said--privately or publicly, I can't remember--that SIM itself was "a real mess." To mix this with everything else Zulu has undergone, at a minimum, has to be complicated.
But merging these companies into one corporate structure is a necessary thing in order to become the VIABLE vertically integrated internet company that Zulu says it wants to become.
We've had several assurances that the audited report will be released. Such assurances do not exist without good reason. We will see them. Because if we don't see them, this stock and our investments will not prosper, there will be no growth.
I'm banking that the company is well aware of this problem, but wants to have its act together before this information becomes public. I would rather Zulu take its time and present a better report, than to present one full of holes and questions just simply to get a document out that would satisfy us.
Obviously, the prudent position is to be patient.
If you bought in high, average down--as I have done; if you bought in low, you can easily ride this out; if you bought at about where the stock is now, you have the best seat in the house because you have the excitement of wondering if the stock is going to go up or down, without being hurt too badly by downside activity.
But it is frustrating. I want these figures too. Very much so. Some of these debates are entertaining, but the fact is I'd rather be doing something else. |
