Anyone remember $2.00 by end of next year? I do. This was told to Jmangilly by Steve at the EZVip party several months ago. It is fair to say that this was a predicition by Steve and not a guarantee but it was said nonetheless. And, of course, Steve must have known that jmangilly would report back to us this ambitious goal. And why not.
This is obviously a bold prediction and even sitting at a nickel months ago, it seemed pretty crazy. BUT, things were happening, there was dancing in the street, and the wine was flowing. Other stocks have made wild moves - so why not us?
But to drop back to the the serious subpennies and to think about this prediction now - many of us longs cant help but feel there was some pumping. And when, you take that into account, and add that with the OTCQX "goal" ( remember 30-40 days to "get things going") and talk of NASDAQ, you can't help but see a pumping pattern - whether inadverdent or not.
Talking about things like this and posting FB pictures of "Up arrows" as the PPS continues to decline is all talk. Just like any unsubstantiated negativity (aka bashing) is all talk. That's why it was a mistake for Steve to go to the message boards and 'defend' the company against people who say stupid and negative things. It ALL ends up as all talk - and talk is meaningless.
The bottom line - and many have said this before (and they are right) is that RESULTS are all that matters. That's it. There is zero need to hear anything from the CEO - other than tangible results. I honestly could not care less about the negativity because results always rise above the noise. Period.
So, I'd prefer to not have a carrot hanging in front of my nose to keep me invested. If I believe in the company, I don't need the carrot. I'll gladly stay invested - and I can wait - as long as things really happen. Admittedly, I'm not as sure as I once was.
Also, I addressed earlier some of the misleading statements Steve has made - I would like to address a couple more that bug me:
1) "Clear Channel will give a PR about the deal next week". This was done several months ago. And, unfortunately, it didnt occur til several months later. The PPS was dying to rise based on this statement Steve gave in a radio interview. But, unfortunately, by the time it happened, anticipation had died down. This was a big misstep.
2) Not diluting the second quarter - and Steve boasting about how there had been no dilution - and THEN diluting the third quarter. And then doubling the Authorized Shares and stating it was all a good thing. Look, I'm not a finance guy. But this just looks bad. I can't help but think this looks like a bait and switch. It just left a bad taste in my mouth. When you show no dilution and mock others who had been constantly claiming there was dilution, you are implying that dilution is bad. When you dilute (AND double the A/S), you can't claim it's good?! You can't have it both ways.
Anyway, I'm trying to keep the faith here but I would prefer a more restrained approach from Steve. You can't stop FACTS and RESULTS no matter how much people post negative things. Nothing else matters.
-SL
