To: michael d kugler who wrote (26344 ) 12/12/1997 6:06:00 AM From: tonto Read Replies (1) | Respond to of 55532
An interesting point made Mike regarding one's word. Those that follow this board may want to keep this post in mind for the future. It is not about you nor Riley, but what a corporation and its officers advise the individual shareholder. (us) Much faith is placed on what we are told by a corporate officer, and unfortunately under our current scenario, we too often place their word above diligence. I have found that many times, officers will lie. I have not spoken to Gary nor Roland, so they have not lied to me. Gary was brought in with much enthusiasm from Roland via the pr release. His experience would strengthen their management of the foreign factories and their shipping line. Nicaragua is no more, and their shipping line is bottomed out. It will be interesting to learn more about the final additional contracts signed with a cash infusion date today. I want to learn more about what the financiers see in this company with its record of asset management, and why it will risk $10,000,000? The company needs to clarify the Pilar del Caribe filing against their pr release and explain how can this be, and how did their refurbished vessel end up on the bottom? What was the settlement on the insurance, or what did they sell the refurbished vessel for, and why was it not announced that this strategic division was sold? This is materially important information. A statement was made regarding if this is a scam, why are the scammers still here. I am not stating this is a scam, but this is what I have observed elsewhere. Officers of companies most often are married, have children, and lead a "normal" life at home. This makes it difficult to pick up roots, grab ones children and wife, leave their home behind and to hit the road. They often hope for it to work out and to be able to extend it for sometime. That is why there are so few fugitives in cases such as this. Mo Zayed is a different example, but he is a three time loser, and life long criminal. If this is a scam, then the hurt parties would do well to remain united and go after with a vengeance, those that perpetrated the scam, and if it is a squeeze, congratulations!!!! You will be very happy in the very near future. Today is in fact the most important day since many of us starting following the company. The facts or lack of will finally become evident. The company is fully aware of the exposure it has to the SEC and the public, and the wording of this important release regarding the depositing of funds will have to very explicit. I truly hope that today is a great day for the shareholders and this becomes a recognized positive story. Best to all today.