I don't think we are at odds here. I've posted over and over the past few months that it would come down to the AF's. Why? for all the reasons you mention in your post and because the company built up expectations. The AF's didn't come as advertised and the stock tanked. What looked very credible at one point, was transformed into a very questionable pinkie, priced with inherent uncertainty. The background and issues have changed along with the price. Successful investors don't look back. They look at the facts each day and form opinions each day and quantify that against the market price.
Yes, Petar and co. clearly screwed up. Is it a scam? It's priced as if it is and few believe them and rightly so. You mention PLNI and VWKM. However, we don't see the billions of shares as in those cases. The bashers try to make up a case with cockamayme comparisons to some scam that illegally issued shares but they present no facts that this is happening here. They want to mislead you and others into selling shares cheaply with those types of posts. Yet, they attack the so-called pumpers who post one line "to the moon" posts.
The bash crew is fond of mentioning CSHD in its call for an SEC halt. CSHD (which I believe was OTC BB and filing) was claiming colonization of the moon and billions in Venezuala bonds. The stock got up in the several dollars range, even after the PR's were questioned and looked totally unbelievable. The CEO was actively promoting, posting on message boards and literally promising the moon (colonization.) In comparison SLJB, the CEO has put himself in a position where his claims are being laughed at, each self-given deadline being missed. Don't forget that he didn't have to give a deadline. He could have given the typical pink penny "we plan on providing AF's in the near future," type PR. He didn't do that. He put himself in a hole and jeopardized the company, tanked the share price by not following what bashers claim is the typical scam recipe. Think about it. They can't have it all ways. The bashers say, "heads we win, tails you lose." E.g., SLJB owns no assets, but it owes all debts. It's pure and unadulterated misleading and that's why I continue to expose their scam as "my scam is ok, yours is not."
What I'm saying is that each case is different. We use all the information and then we make decisions to buy, sell or hold. We can never know for sure. Posters want easy answers. There is no easy answer. It's hard work and requires thinking. As much as I agree with you with respect to LBWR and NNYG, given the apparent honesty and transparency of mangement, we still don't know "for sure." Yes, neither CEO has lied or missed deadlines and that all factors into decision. These same CEO's that have been open have made mistakes in the past, mistakes that could lead to share price problems. Nobody is perfect and we should be very careful those who we judge unfairly.
That's what makes a market.
I object to those who claim to have all the answers. Yes, Petar has screwed up and he does come off as quite obnoxious. But, if you're read the attempts to assassinate his character on the bash board, you would also see the extent by which so-called "crusaders" will go to grab any manure that might stick to the wall.
We all see the red flags. Why all the effort to manufacture more? Why can't we stick to the facts, express our opinions, without so-called experts who state, often in one-liners that it is a total scam and that he or others are total crooks. Yet, these hypocrites object to the "to the moon" posts by those who pump at the top.
I object to both type of one-liners and "cut and pasters." If anything, my own posts are too long and substantive. They are all opinions only and I do prefer to judge each case by its own facts, to the extent they are known, then form opinions and see how the price reflects those opinions, mine and others.
When I say "shareholder friendly," you know that I mean the capital structure. So far, we see no evidence that this PLNI or VWKM in that regard. Petar could be the most obnoxious person when you spoke to him, but if he kept the capital structure tight and kept his promises on AF's, then the stock would likely reward you. If he is lying, then he will be punished. There is no escape for him, merely because he is no longer CEO.
I just read a post by a negative poster who said that the company is only worth .05 a share because all we know "for sure" is that there is a lumber yard with 4 million dollars in business. Again, everyone has an opinion and posters often claim that those opinions are facts.
We just don't know for sure if there is any business. The bashers have claimed that there are no assets. The 2 who went on their trip state that Petar denies that. Do we know the truth for sure? NO. I don't. You don't and the professional bashers clearly don't.
You and I are trying to play by rules and being objective. Yet, we have a professional crew, that pastes your negative paragaraphs as some sort of proof that it is a scam. This is what ticks off "I'm a," I believe, and I understand why he thinks as he does.
LBWR, which you love, has a degree of uncertainty and risk which is comparable, for different reasons with SLJB. One man's meat is another's poison. We have to be careful not to claim to know the facts for sure.
Things look very, very bad in terms of Petar's credibility. But, that doesn't mean that we know for sure that he is lying, just as 30 or so posts by bashers about a scam claim by a lawyer that likely would have been disbarred, which claim was made against Petar, wound up in the lead "scam claimer" posting his "longshot theories" of fraud or criminality. I object to this poster (and his sheeple) convicting Petar on "longshots" while the same poster previously defended vehemently the convicted criminal short seller Anthony.
Fairness is something that we all have to provide to others. |
