Posted On: 08/01/2014 9:41:58 PM
Post# of 43066
Your assumption that anyone who has issues with the Company's statements and claims is a "troll" and short the stock isn't necessarily true. I actually still have a small long position in this stock. I have never had a short position.
At one time I had a significant long position. But two winters ago, after the "ice gate" episode with Tony B. and the damaged processors, I asked some hard questions of IR and management because the story we were being told didn't make sense to me. I was repeatedly stonewalled, time and again, and told that the details of what happened were all "confidential." At that point I voted with my feet and sold the vast majority of my shares -- at prices far higher than nine cents. I sold almost all my remaining shares earlier this summer after the company finally disclosed that all the processors had been down for six months -- since late December 2013. How they could have a total impairment of all the processors and not have felt that to be an 8-K event is totally beyond me. But at that point it became abundantly clear to me that the Company had no interest in "transparency" or in dealing with its shareholders in a truthful, above board fashion.
So this latest "inconstancy" in the SEC filing about processor "repair gate" seems to be yet another example of a lack of candor. Why should shareholders be left to wonder what the status of the repairs is? Just tell people the truth and let the chips fall where they may! But that isn't happening. Thus, questions are asked.
So if you want to call me a "troll" feel free to do so. I don't really care one way or another. But until this company starts telling people the truth -- whether it be good, bad or indifferent -- I'm afraid you're going to be seeing more and more trolls.
At one time I had a significant long position. But two winters ago, after the "ice gate" episode with Tony B. and the damaged processors, I asked some hard questions of IR and management because the story we were being told didn't make sense to me. I was repeatedly stonewalled, time and again, and told that the details of what happened were all "confidential." At that point I voted with my feet and sold the vast majority of my shares -- at prices far higher than nine cents. I sold almost all my remaining shares earlier this summer after the company finally disclosed that all the processors had been down for six months -- since late December 2013. How they could have a total impairment of all the processors and not have felt that to be an 8-K event is totally beyond me. But at that point it became abundantly clear to me that the Company had no interest in "transparency" or in dealing with its shareholders in a truthful, above board fashion.
So this latest "inconstancy" in the SEC filing about processor "repair gate" seems to be yet another example of a lack of candor. Why should shareholders be left to wonder what the status of the repairs is? Just tell people the truth and let the chips fall where they may! But that isn't happening. Thus, questions are asked.
So if you want to call me a "troll" feel free to do so. I don't really care one way or another. But until this company starts telling people the truth -- whether it be good, bad or indifferent -- I'm afraid you're going to be seeing more and more trolls.
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