Curtains, I'm not sure I agree with your analysis concerning Terry. He's been dedicated to Zulu and its shareholders. In reality, he has a twofold alliance. Since you were not present during past discussions, you may not be aware Terry, some time ago, noted when he completed a trial he was involved with, he was going to start concentrating on Zulu. This he has done.
You also have to consider Bob Smith's remarks in the recent Wired article whereby he noted the company would have liked to have reached out to investors more, and they were aware of this problem. Well, in the absence of that reaching out, Terry picked up the ball and sought answers to what many of us have been wondering: Principally, why Zulu couldn't have at least stabilized around .50 in the course of its transition period, among other questions.
So you can't fault Terry. Unfortunately, there's been a cloud of negativity that has hung over Zulu since day one. In my view, this is the result of an organized campaign on the public threads to discredit Zulu. It's been difficult even for Zulu advocates to be critics since the time taken where there could have been objective criticism instead has been utilized defending against a barrage of absurd attacks spawned by the negative camp.
But given time worn questions, Terry finally decided on a bulldog approach. In a word, he got mad. Bound and determinedly he set out seeking answers. Perhaps he made an error in the name he selected for his Yahoo posts. But you have consider these threads are as much fields for humor (as well as insult), never mind objective reality. I think the name "I Am Not Pat Hayton" was meant more comical rather insulting.
Presently, my view is that Terry is wrong to publicly push a lawsuit. Though he's stressed there would be one, only if necessary, his actions have continued to move in such a direction, even to the point of discussing other firms to do it. In my view, a wrong move, at this time.
My suggestion to Terry is he has sufficient enough information and questions already. He should formalize this and construct a legal advisory notice and forward it to the appropriate parties. Once done, immediately forget about it and instead concentrate on a positive discourse concerning Zulu's prospects as a new and merged Nasdaq entity.
So Curtains, except for your critcism of Terry, I otherwise think your comments were on the mark. It's my belief--which has evolved from the politic of this experience--Zulu was never intended to be a big player on the OTC:BB market. Our error, as investors, was we held big expectations in Penny Land.
Let's look forward to what we'll discover once all cards are on the table and we can finally be comforted that our money is in a company reporting publicly and moving on the Nasdaq. |
