Critics Demand: 6-.... Executive salaries should be cut back to 1996 levels and all benefits should be frozen until FDA approval is received.
Defenders Response: 6. If there is a If there is substantial doubt about the ability of the company to remain a going concern, I agree
Critics Answer: 6. We are cash starved and are issuing equity at a discount to market - those are good reasons. According to the auditors, they do have substantial doubt about the ability to continue as a going concern.
Point made.
Critics Demand: 7. The company should adopt a prospective policy against nepotism and touting in case they have been problems in the past.
Defenders Response: 7. has there been?
Critics Answer: 7. On nepotism, you can decide for yourself - read the "compensation practices" list of complaints as posted earlier. On touting, you tell me.
Point made
Critics Demand 8. The company should make a clear and accurate statement regarding the charges made regarding their history with Lintronics.
Defenders Response: 8. Relevant, but not material
Critics Answer: 8. Very relevant as it indicates the PATTERN OF BEHAVIOR of this management team. Further, since management has sold the units overseas and at least one in the US, and since the FDA had them gathered up and destroyed as misleadingly labeled health risks to women, it shows what kind of people we are dealing with.
agreed, financially not material unless they still face legal liability.
Critics Demand: 9. The company should make a clear statement clarifying the international sales timing since the public filings seem to tell a different story than the press releases and message board posts.
Defenders Response: 9. haha
Critics Answer: 9. Your response is an indication of your lack of understanding of how important this issue is. Given the heavy dilution we are suffering, many of us saw the company's statements about international sales as huge defenders against dilution while we awaited FDA approval. The company made clearly misleading statements about international sales as documented by me in the posts I referred to above. Those misleading statements damaged all investors who relied on them. None of the caveats the company now hides behind were in the earlier filings. Further, even with the caveats, the statements made by the company are SO misleading as to be eggregious.
My response was meant to convey the message "Good Luck!"
Critics Demand: 10. No officer should be allowed to sell stock until after FDA approval.
Defenders Response: 10. per SEC?
Critics Answer: 10. No, per what is best for shareholders. Let's see some dedication and some REAL alignment of interests.
oic - you want to sell your's before then but current supply exceeds demand
Critics Demand: 11. A committment must be made never to sell guaranteed profit convertibles to entities owned or operated by insiders or their relatives
Defenders Response: 11. per SEC?
Critics Answer: 11. No, per what is best for the common shareholders.
agreed. How do we go about getting such a commitment? I am sure the grables are reasonable, and if it meant an end to the harrasment, they might give in to this.
Critics Demand: 12. The company should simply admit the Deb relationship if it is true. IF so, they should explain why they have denied it in the past.
Defenders Response: 12. why is this material?
Critics Answer: 12. Yes. As outlined in the compensation practices complaint I posted above, it is very important. When a small struggling company like this hires family over outsiders, it further widens the gap between the shareholders and management as far as alignment of interests. Further, it may mean we are not getting the best qualified candidates for the lowest salary dollar. There is the HUGE risk in small caps that nepotism will result in the company become a family piggy bank. This is basic stuff for any penny stock investor.
See # 1: In a war you want people you can trust on your side.
Critics Demand: 13. The company should commit to spending less resources on trade shows or other STOCK SELLING EFFORTS and should focus more time on the FDA, improving the product, and generating overseas sales.
Defenders Answer: 13.
Critics Response: 13. Best answer you've given.
hehe, absolutely. Just think if they hadn't paid all that money and then asked kenita to help them make it a success! |
