To: Bob Walsh who wrote (10116 ) 4/11/1999 3:08:00 PM From: Scott Wheeler Respond to of 14226
<< ...is probably putting the cart before the horse >> Good point. But they don't have forever. I think a real worry would be any interruption in OTC listing (question #9). It's a good list of questions, and the stockholders should get good answers. I agree that there are some questions that should be addressed rather-sooner-than-later. However, I hope that there is room enough (we stockholders will accept) for the company and its officers if they respond with "I don't know". No officer at any company will ever have ready answers to all questions. And it would be absurd to expect the same level of organization at Global as you would from a NYSE or NASDAQ-level security - at this point, anyway. This is still a tiny struggling company, surviving on scraps. I hope that we stockholders do not expect five-year business plans, ivy-league-MBA CFOs nor anything else that would be ludicrous and inappropriate for a company at this stage of life to attempt. We need to also remember IMO that (following Mr. Walsh's point) things need to happen in proper sequence, e.g., as a general principle I like the idea of having a CFO, but for Global - now? I don't think it's time yet for that - there are more important immediate goals than populating the front window with expensive mannequins to impress market passers-by, IMO. Convince me otherwise if you can, but that's how I see it. I am afraid that Global officers have been beat on so much, that now they feel so defensive, their instincts are to withdraw and clam up, rather than continue the dialogue, for fear of more flaming and abuse. Sorry irony - this withdrawal unfortunately produces just what they were worried about - the terseness of replies (or silence!) enrages stockholders further, producing more defensiveness and withdrawal, and the fiasco sends us all spiraling down into the mud. It is another reason (thanks, Thor) I will continue to lobby for respectful tones here. I must also charge the company with taking some risks in this regard - no matter what you do, someone won't like it, so get used to it, do your best and then forget about the criticism you either cannot or should not respond to. I've said before, significant cash flow will make many hands put down their rocks (but not all hands). SW