Doug is a little busy running the company. The waterpark opens this weekend, he called me at 6:00 my time Saturday, still at the helm. There will be much media coverage, video, print and radio. Think that may be good exposure?
If I was in Doug's shoes I sure as hell wouldn't care about coming here and having a battle of wits with the unarmed. How many CEO's post on their company's boards? None that I have ever seen.
The shareholders own the company. Sure, do you think Michael Isner cares what some shareholder that has 10 shares thinks. Or some daytrader that will hold for a week or two. I own 33,000 shares, but I don't get to make decisions about running the company. Like I said before, Doug will save hundreds of thousands in financing costs if the stock hit $1.50. That is direct to the bottom line. And his pocket. Butcher started the company from scratch 20 years ago and built it up.
Legally shareholders are part owners, but face it, ETPI is Doug's company.
OK here are some answers to some of the posts. The ETPI board was made up of all ETPI insiders. Doug thought it prudent to bring in some outsiders. Vernon Jordan wasn't taking our phone calls so he brought in who he could afford. By the way Vernon Jordan gets between $250,000 to $3 mil sit on other company's boards. The fact that Doug gave 50,000 shares or what roughly $10,000 to board members is NBD. No Big Deal for the uninitiated.
All 4 divisions are profitable, as Doug explained to me before the financials came out. The penny a share loss was because there was 3 months of maintainence going into the waterpark with no revenues. The park went from a dog to a total gem, the media is all over it this weekend. The restaurants have had a big turnaround as well. Use your imagination and think of what the summer months can do for OUR little company. I looked at the revenue projections and the expenses, I feel we could get .02 to .05 earnings this year. With a 40:1 P/E tht will give us what share price? Class, anyone, anyone??? There is $1 mil in depreciation costs to write down sometime this year. Just so you'll be expecting it when it hits. You have to take all the tax breaks that one can get. That is advanced depriciation. I agree that ETPI should take it.
For all registered shareholders the proxies went out on time according to law. For the other shareholders there is no requirement to send out proxies. Doug spent $6K to do so. The company he hired to do so, dropped the ball. He regrets that they went out late. If he simply chose not to send them you wouldn't be bitching about it, right?
Look, there are only about 3 of you that are really bashing the company. One of you is Ojha from Canada that tried to extort 10,000 shares of ETPI for writing one press release that was never used and then promised Doug that he would bash the company on the boards. If you own stock and want to make a profit you wouldn't trash the boards, it makes other people not want to get involved and move the price higher. If you are a shorter, bring it on, when the next Qs come out I'll bring in enough buying to force you to cover. If you live in a glass house and like to throw stones, you're just an idiot.
Everyone wants to either make money or get their original investment back. Me included. If we gang up on the few who have a personal vendetta on our investment we might be able to shame him away. If not I know someone who get get names addresses and phone numbers from accounts. You have to consider it stealing from your family when someone just wants to tear down something positive that is 20 years old. How many of you bashers have your own public company?
Have done nicely on EDIG and PAID while SPGK is just getting ready to make a huge tear, watch it. I intend to plow some of those profits back into ETPI in about a month. And I will do well with it.
Just my opinions, but at lest they are all mine. Comments? Something positive wouldn't hurt. To tired 4 spell check 2nite so save it, my Lakers sucked 2day.
Marcus |
