You know, Breeze, I have tried to patiently respond to your constant repeating of incorrect information in the form of petulantly-demanding questions. If this were coming from someone less honorable than Thee, it would be enough to make one begin to suspect the questioner's intentions.
Granted some of your questions have not been answered, and I recognize that to "call the company" is difficult from your location, but please knock off with the questions which have already been addressed here.
Again, you have been told that here is no stock being sold out the door ... either front or back! ... since February 1st. You have been given a reasonable explanation for why such an action would not be required. And you are aware that such an action would be neither illegal nor improper (although certainly very disheartening, from a dilution standpoint, to current shareholders).
You have been told that the financials for the year ending July 31, 1997 have been audited. You ask "by whom"? By their auditor of record, as proposed by management and ratified by shareholders at the Annual Meeting the preceding year -- just as was done in February for the Fiscal Year ending July 31, 1998. Look it up.
You ask why no financial postings on the Web? Because they choose not to. The company has provided audited financials for last FY, and has provided *signed* (and of course unaudited) financials to anyone who has requested them ... some by FAX and others apparently by US mail. Presumably you are aware that there is no legal requirement to post *anything* on a Web site. (Parenthetically, you will recognize that shareholders are afforded significantly more anti-fraud protection by receiving corporate information via the US mails than they would be by receiving it on a Web site.) If you don't like management's reasoning, and if you are a shareholder, then write them a letter and tell them you don't like it. We all have our own ideas regarding corporate "best practices", but questions posted here over and over again don't do anyone any good.
Please don't get me wrong. This thread is pretty even-handed with people who raise real, previously-unanswered issues. You'll never get a bald-faced sales pitch from me, here. And while I look forward to next quarter as much as the rest of us, I clearly recognize that today's investment decisions must be made today. But you sure wear your welcome out when you don't assimilate the information being offered to you.
JSb. |
