To all
I have noted, as have several others on this thread, that there has been a marked change in attitude over the last couple of weeks. Admittedly, the share price is down and it is that which most likely is causing the concern. I think most people expected that after news of the first placement was released, there would be a limited though steady rise in price. I think we are still a little too early in the process for that hope to materialize.
By making the first placement, all we really did was establish that the equipment exists and that someone is most probably playing some or all of the sets for some unknown number of hours at some unknown rate. Everyone is still nervous. Everyone is waiting for news of:
1. Acceptance rate
2. Status of short term financing
3. Status of long term financing
4. Status of S.A.
5. Etc, Etc,
Although I, along with the rest of you, would like to know the status of all these issues, the company will release information when its time. To me, its like when I was a kid and I kept asking my parents when we would get there. Hell, we got there when we got there. Telling me we weren't there yet but we were on schedule didn't do it for me then, and it doesn't now. But sometimes that is just the way it is. But there is still another thing to consider. I trusted my parents would get me there and that they wouldn't lie to me and that when they said we were on track that we probably were. (It didn't/doesn't mean that there may not be a few bumps in the road, but we'll get there).
The issue of trust is important. I've been in companies that gave out news releases, shareholder updates and market updates like candy. Keep the locals happy and do what you want was their motto. Grip and grin and while we are all congratulating ourselves, they stick it to us. I've had some pre-leak an announcement of future announcements that ended up being nothing but the schedule for future announcements and because we were so eager to have our hands held, we ate it up and considered ourselves informed. Look at CRTM (UVEW), PLFM, TPII, and a host of others that all of us can name. You don't really have that with Noram. They are currently executing on time, at least those things that they have definite control over. Someone is going to hit me over the head with S.A. Well, that's a typical dog's breakfast down there and you can never really tell when anything is going to happen.
If you don't trust GZ to act in our best interest (the shareholders) then remember who the largest shareholder is. I think we need to give it a little more time.
Don't think I'm not concerned over the share price. I am. I'm down almost 60% from my DCA but I trust in the company, its product, and its management. If I didn't, I would have sold by now. That's what I did with CRTM, TPII, INNO, etc. Lets see what the next couple of months bring.
JMO |
