Let's take another perspective here. This is a small company, administratively, and likely the request for info from the SEC happened while they were all at the festivals promoting the product and having fun... so, it's plausible they just couldn't get it done.
On the other hand, based on stock this is a $20M company. Timeliness must come into play at some point soon. The execs may control almost all the stock, but they still answer to the shareholders, and should respect the fact that others paid money to be involved. Following through is important and merits extreme effort.
As far as "everything is late" when it comes to business. That may be true for some business, but not publicly traded companies where lateness impacts PPS. I have general worked for very large companies and "late" is a 4 letter word. "Late" is rare and there's a detailed description behind it when it happens.
SO, let's just chill here and agree that people are going to have different perspectives. Some might be getting frustrated and are not necessarily trying to bash the stock, but rather vent that frustration. I'm sure longs here are also frustrated.
On the other hand, don't judge someone's "cheerleading" for the stock as a sales tactic. They may just really love the company and have high hopes. Fact is, unless you know someone on this board you will likely never know what motivates anyone to say anything. Can't assume a basher - can't assume a pumper... not from these short off-the-cuff statements. Admittedly, I also don't like it when people post "BUY NOW" type statements, but I keep my mouth shut about it.
My perspective on the Form 10: The SEC asked some questions that the execs were not prepared for, but they are either going to run for the hills or they are going to answer them. I suspect they are going to answer them. My guess is that there were some oversights brought on by inexperience and there was no way to clear that up in the remaining time. It could be a matter of the wording on this official document that could open the door for liabilities (wrt lawsuits noted) and none of us wants to happen. Or maybe it asked why JG has 83% of the shares... he should give some of those to CDash.
The End.
On the other hand, based on stock this is a $20M company. Timeliness must come into play at some point soon. The execs may control almost all the stock, but they still answer to the shareholders, and should respect the fact that others paid money to be involved. Following through is important and merits extreme effort.
As far as "everything is late" when it comes to business. That may be true for some business, but not publicly traded companies where lateness impacts PPS. I have general worked for very large companies and "late" is a 4 letter word. "Late" is rare and there's a detailed description behind it when it happens.
SO, let's just chill here and agree that people are going to have different perspectives. Some might be getting frustrated and are not necessarily trying to bash the stock, but rather vent that frustration. I'm sure longs here are also frustrated.
On the other hand, don't judge someone's "cheerleading" for the stock as a sales tactic. They may just really love the company and have high hopes. Fact is, unless you know someone on this board you will likely never know what motivates anyone to say anything. Can't assume a basher - can't assume a pumper... not from these short off-the-cuff statements. Admittedly, I also don't like it when people post "BUY NOW" type statements, but I keep my mouth shut about it.
My perspective on the Form 10: The SEC asked some questions that the execs were not prepared for, but they are either going to run for the hills or they are going to answer them. I suspect they are going to answer them. My guess is that there were some oversights brought on by inexperience and there was no way to clear that up in the remaining time. It could be a matter of the wording on this official document that could open the door for liabilities (wrt lawsuits noted) and none of us wants to happen. Or maybe it asked why JG has 83% of the shares... he should give some of those to CDash.
The End.
5
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Everything in this post is my own personal opinion. I do not claim to have any expertise or knowledge that would allow me to provide followable advice.
