I have one response to all these claims of Gerald's credibility. I'm sure you ignore or breeze right past this warning in every presentation or conference call the company conducts. Perhaps you should reacquaint yourself with this warning to investors.
Slide 2: http://a.eqcdn.com/amarantus/media/c324912c7b...7f68e5.pdf
I'm not offering excuses for Gerald, but you're trying to hold him accountable for things he stated in the past where clearly the strategy has shifted as events unfold. There's a reason the Safe Harbor provision are in place. If they weren't, you probably would get very little from management as to their goals and strategy because every investor gambling their emergency fund or next month's mortgage payment would be trying to sue over any change in announced goals or timelines.
If the goal is to drive from Miami to Seattle, there are hundreds of routes one could take. The point is to successfully navigate the roads to reach the end goal. Imagine all the detours and change of plans and timelines required due to road construction, accidents, problems with your own vehicle, etc. Before you depart, you tell your family your planned route, expected timelines, how much you expect to spend on the trip, etc. It rarely works out the way you planned. You have to make adjustments. Does your family hold you accountable and claim you lied to them if you have to detour through a different city, or if you arrive 2 days late because of car trouble?
Why is it any different with a company's strategic goals? I'd rather have management inform us of what they're trying to accomplish, knowing some of it will change, than for them to simply make the required SEC filings... which is the ONLY thing they are legally required to do to keep shareholders informed.
Try approaching every "promise" or claim by management with the Safe Harbor provisions in mind, because it helps one to keep realistic expectations. If the stock was doing well, and the company had taken a different route vs. what they told us they were going to do, you would probably have ZERO complaints about Gerald's credibility. You're only pissed now because your investment is in the red and you need someone to blame (other than yourself). We understand. I hope you hold your remaining shares long enough to reap the rewards that are coming.
Quote:This presentation contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future international, national or regional economic and competitive conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products and services, marketing existing products and services, customer acceptance of existing and new products and services and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this presentation.
Slide 2: http://a.eqcdn.com/amarantus/media/c324912c7b...7f68e5.pdf
I'm not offering excuses for Gerald, but you're trying to hold him accountable for things he stated in the past where clearly the strategy has shifted as events unfold. There's a reason the Safe Harbor provision are in place. If they weren't, you probably would get very little from management as to their goals and strategy because every investor gambling their emergency fund or next month's mortgage payment would be trying to sue over any change in announced goals or timelines.
If the goal is to drive from Miami to Seattle, there are hundreds of routes one could take. The point is to successfully navigate the roads to reach the end goal. Imagine all the detours and change of plans and timelines required due to road construction, accidents, problems with your own vehicle, etc. Before you depart, you tell your family your planned route, expected timelines, how much you expect to spend on the trip, etc. It rarely works out the way you planned. You have to make adjustments. Does your family hold you accountable and claim you lied to them if you have to detour through a different city, or if you arrive 2 days late because of car trouble?
Why is it any different with a company's strategic goals? I'd rather have management inform us of what they're trying to accomplish, knowing some of it will change, than for them to simply make the required SEC filings... which is the ONLY thing they are legally required to do to keep shareholders informed.
Try approaching every "promise" or claim by management with the Safe Harbor provisions in mind, because it helps one to keep realistic expectations. If the stock was doing well, and the company had taken a different route vs. what they told us they were going to do, you would probably have ZERO complaints about Gerald's credibility. You're only pissed now because your investment is in the red and you need someone to blame (other than yourself). We understand. I hope you hold your remaining shares long enough to reap the rewards that are coming.
