Any co. claims about its products should be viewed suspiciously.
Consider this quote:
Last year, sales hit more than $ 12 million.
"And we're on target to do $ 30 million, maybe $ 50 million, by next year." says Roger Dunavant, the company president.
That was he said about his horse shampoo in 1993.
geocities.com
I guess his predictions didn't pan out, did they?
There's no reason to believe anything the company says about its products, now, either.
Dunavant's horse products were supposed to be terrific technology. So what if somebody says Dunavant's internet technology is terrific, too.
Dunavant the CEO was an embezzler and a con-man. Hamouth was a stock cheat who was charged with stock manipulation. Now the two have a company with a market cap that has ballooned to something like $200 M with no visible revenue. How do you suppose they did that?
I hope that some readers have found this series of posts, summarizing the company officials, to be useful. If you think they merely repeat what has already been said, all I have to say is that I have gathered this info into one brief series of posts for everybody's convenience, and the set of facts I've presented is sufficient for anybody to make an investing decision for this company.
Dunavant is who he is.
Hamouth is who he is.
They always will be, whether we are on post #1 or post #1001. |
