Brad... Thanks for your analysis of the financials... Glad somebody else called Dean to listen to his song and dance... If I may, I would like to make a couple of points...
>>>Re Marion Taylor, the former IR consultant, he says that when they confronted her with proof that she was making negative comments about the co and mgmt to shareholders, she quit. <<<
Now that statement makes no sense to me at all...
- Taking into consideration that Mrs. Taylor was hired by the company to represent the companies best interest, why would she in her right mind jeopardize her employment by saying negative things about the company, unless of course the truth hurts...
- I'm of the opinion that a good and "straight up" IR person would do just that, quit, once the truth be found out... It's only the slimy, scumsucker ones that would stick around and suck other investors into the play...
He claims they asked her to stay on as IR and forget the financing, but she declined.
Why the hell would an employer want an individual to stay on if they were bad mouthing the employer, especially if they were hired specifically to get the word out about how great the company is???...
First of all, the first thing out of Deans mouth is the need for this company to obtain a substantial financing "so that they can get profitable", so his request for Mrs. Taylor to stay on makes no sense unless she dug up the truth re this companies high folutin' expenditures and excessive part-time wages...For her to forget the financing, makes this statement utterly ridiculous...
She was to be paid a hefty finders fee for obtaining the financing...
Once the real numbers/expenditures came to light, the Pension Fund left a dust trail behind...
You say that Dean sounded reasonable...
22 quarters of BS at 133K per year for a part time Pres and 103K a year for a part time CFO and they make a legitimate mistake... What a crock of chit!!!... These guy's are supposed to know what they are doing...
Wanna know why they took a wage cut???...
They got their hands caught in the cookie jar...
For years nobody said nothing to them about how they spent PP money or how much money they got out of the company coffers... Ted Parker (alias Ed Pakstas) and Marion Taylor started to question their "modus operendi" and make a stink about it, because of the stable they run out of their so called head office... It's my belief that's why the heat got turned up on them, but then again, what the hell do I know...
I do know that these guy's can shoot the chit purdy good, to the unsuspecting...
One more thing... I see know they lowered their sights to a 2mm dollar financing...If one looks at previous financials they were saying 5MM... Chit!! They'll grap anything they can as long as nobody questions how the money is spent...
Patiently waiting...
...ed |
