To: R.Lui who wrote (210 ) 9/25/1998 11:53:00 AM From: Sai P. yandamuri Read Replies (1) | Respond to of 518
Lui, I will have to disagree with U partly because I have been able to communicate with both COO & CEO of AETI, Canada. I do agree with U that Steve Fox from AETI of America never returned my calls. Both COO & CEO told me that SKB did not comeup with 25K deposit and Yes, they are waiting for Judge to take an action for dismissal before they put out any official press release.Infact, COO even said it is going to be Monday, the next week about the lawsuit dismissal and thereafter positive surprise announcements in the coming days. Here is my experience of dealing with AETI or for that matter CFG, the IR firm : - Few individuals from both AETI & CFG have a tendency to hype things a bit about lawsuit dismissal date(s), future contract announcement(s) etc. however they do not seem to LIE and I can say this for sure. For eg.,when we were expecting a lawsuit dismissal(which it did not happen) over a month ago, COO told me the day after the verdict about 25K deposit in 30 days by SKB etc. It turned out to be TRUE but it took nearly 2 weeks before they put out the 'Lawsuit update' and as a result stock dropped all the way from 90 cents to 50 cents+. I agree with Swedelo that AETI' PR could have done a better job than what they have done so far. Had they put out lawsuit update immediately after the verdict, IMO the bloodbath would not have been this severe. It is AETI's SILENCE for over 2 weeks that has caused more damage to the stock price. The timing of their PR has always been the worst since I invested in this company nearly 2 months ago. Ofcourse, Part of the reason being the so called SKB's lawsuit. Let us collectively work together and put little more pressure on AETI & CFG to have a better communication with shareholders. I think once lawsuit is behind us, this company has IMO great potential to succeed. Last but not least, We are living in a world where even our own President lied under oath. In comaprision, I guess these guys are not that bad!!!