James,
I am not trying to respond to your question to Gary, but the way I see it is this. Here are my choices:
1) I can sell the stock first thing in the morning, take my losses, and go on about my business and never worry about this again, or
2) I can support the company in any attempt to bring something with equity into the shell, or
3) I can publicly doubt the deals they make, raise questions of doubt the integrity of the individuals involved, and watch my investment and that of the other shareholders go a little further down the toilet.
Now we can (and have) go on forever about WHY this stock is in the crapper. It's probably best just to say that you have your opinion and I have mine. Maybe they are the same, and maybe they are not. But the constant is that this stock, in a price sense, presently is in the crapper, and if we ever want any hope of getting any of our money back, we should support the company in this move.
We have all spent the past month crawling up Mark Pierce's backside wth a microscope, and we have to come to a point where people must make a decision as to whether or not they trust the guy or not. Once they make that decision, they must then decide which of the three choices above they wish to follow.
But, in my opinion, #3 will only hurt the shareholders of this company a little more, and I refuse to do that.
I am ALL IN FAVOR of caution, and due dilligence on ANY new acquisition, and would be disappointed if I saw anything less out of many of the folks on this thread. However, I would like to see the DD before I see people passing judgement on this deal. I got the impression that Copia wanted to concentrate on the past of Midland, (i.e. the coffee thing, etc. etc.)which has been beaten to the ground, and was not really trying to offer any viable DD on NobleHouse, SA, other than to insinuate that it was less than "noble" (no pun intended)
Yes, it probably would have been better if they had struck a deal with a company that was brand new, squeaky clean, and looking for a shell to take them public. But, we have to admit, that the Midland shell, thanks to Dan Fisher (sorry, just had to say that), carries with it, baggage. It was probably not the most desirable looking shell on the street. I think that we, as shareholders, should thank our lucky stars that someone with assets actually wants to come into the shell. We should remain cautious, and focus our DD on making sure these assets are for real, and are actually the property of the company and that all is as represented.
This is just my opinion.
Respectfully,
Binder |
