Jolie, you're welcome. Thanks to all the folks on the web who attended the annual meeting we're probably the best informed investors on the web (on the current fundos, that is). Akerson practices an open, tell-it-like-it-is style that gives us detailed info that most CEO's gloss over. Two or three years from now this kind of detailed analysis will not be as important because the company's direction will be REAL clear. Let's face it, what's hard to understand about a telco operating company, which is what NXTL will become? But for now detailed info is paramount.
Here's an interesting tidbit: NXTL set up 175 chairs for the meeting and no more than 2/3 were occupied. I'll bet that, after deducting the officers, directors, suppliers and various local area NXTL employees, only 100 or so investors were present. That figure may be high. Can you believe it? A company that is destined to be a world class wireless telephone company is being ignored by investors. By contrast, Foodmaker, a fast food hamburger joint with $1 billion in sales had more than twice as many at its annual meeting. Given the relative dearth of shares in NXTL's float, when this one begins to get recognition it will literally explode upward but for now there's still time to add to one's position.
Arnie
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