Hi Doug,
Just some general information. Olympus headquarters telephone is 954-565-9292. Mr Morgan is there, and can be talked to. I had a conversation with him this morning.
He is feeling pretty upset about a lot of the way things have happened. Alexis, for instance, is a brand new company, and is still getting their act together in regards to what they say...not to push their egg company on Olpv shareholders, etc. He is getting it straightened out, if anybody else gets the egg Co. pushed on them, call the above # and complain to OLPV.
He has been forthright about the 10k and 10q. The extended out filing times have been outrageous, and he knows it. The auditing of this company and it's previous management policies has been a mess, OLPV's auditing bill going from 25K to over 100K. He has been pushing the auditors, but, what seemed at first to be a simple job turned into a quagmire, due to poor recordkeeping, bad management, etc.
Mr Morgan stated today, knowing full well how many times it has been said in the past, that the 10K will be released next Friday; that, according to the President of the auditing firm. He is doing everything in his power to make that stick, but, ultimately, it is in the hands of the auditors. He said the 10Q will be at least 2 weeks after the 10K.
He assured me the 10K will be absolutely terrible. The 10K will reflect the previous management. Again, it will be terrible, and he has stated this over and over.
He went on to state that the 10Q will show the new management doing everything he has stated they are doing.
He realizes nothing is going to happen pricewise until the financials are behind them. There is no point in releasing any news, they will have no effect until the financials are released.
No one is playing games or screwing around with the financials. The auditors reputation and asses are on the line, particularly with a company like this, that everything has to be right, and beyond any doubt.
When they are done, and certain as to their correctness, that is when they will be released.
I think that those investors who were looking for a quick 1000% profit were not being realistic.
If this company does what it says it is doing, and so far the company, that being Mr Morgan, has done just that as far as orders, auditing, straightening out management, being accessible, ect., then it is consrvative to figure it's stock being valued at 12-14 dollars by the end of the year.
I didn't get a snow job from Morgan this morning. He doesn't really expect any stockholders to be happy, and while I am sure he is upset by what has happened to us all, including himself, the price of the stock or the stockholder's happiness is not his primary concern.
Making OLPV work as a viable and profitable company at whatever the cost is his priority. If he does that, and I think he will, then the price of the stock will act accordingly.
DWF
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