Robert, it is easy to sit back and be an arm chair quarterback, and say what they should have done. But this is a very tough market right now, and it is extremely difficult to obtain financing at a level where you are not giving the company away. If you think it is so easy, why don't you share with us how well your stock picks have performed lately.
Right now, the holdup seems to be the financing. I think they are trying to raise money without consolidating the stock, and it is taking a bit longer than anticipated. Even though they have a great deal with the CD replicator equipment, they still need money for working capital, lease down payment etc. Even with the reduced amount, it still takes time.
Robert, you seemed to think it would be easy to raise money without consolidating. Well, I can get you or anyone else the details of their current offering if you want to put up. Just send me a private email by clicking on my name.
As for the current management, they have my full support. The last thing we need is to have them lose their focus worrying about a shareholder revolt, or to have someone else have to go through a learning curve. If the time ever comes where that is necessary, it would be behind the scenes, quick and final.
Ted |
