cg1 - doesnt matter how many times you type it, ex
Post# of 22940
Posted On: 10/15/2016 10:28:35 AM
cg1 - doesnt matter how many times you type it, exclaim it, or subtly suggest it - i am not a short, basher, or paid in any way, shape or form to post. while i do not own 52MM shares - i am not far behind. you and others can continue to try and disparage me and others from criticizing the role/communication of IR but it wont stop. the PMs and open comments on here show many still want to be able to read and write about the pros and cons. i can not comment on what IR may or may not be doing in the background. i certainly can objectively comment on their public communication, tact & professionalism (or lack thereof), and the negative way they treat shareholders. that being said - i will address your individual points:
"Those of us that know what we own have gone nowhere." => what do you own? IR has seriously discounted the bearings/mfg side of the business and has over emphasized the trading and EIA side. investors generally dont assign premiums to distribution based businesses/small tier brokers as there is nothing proprietary and the business model is easily replicated. the bearing side - specifically the NAVAIR certification and Chinese manufacturing is NOT easily duplicated and IS the proprietary side of the business that creates a major barrier of entry for others. As far as balance sheet - what do you own...? right now nothing but a lot of promise and potential. why dont you do your own DD on me and my posts from well over a year ago about "knowing what you own." might give you some perspective.
"You sound suspiciously like a basher in disguise." => where is the disguise...? see last part of paragraph above. i am looking to increase the value of my holdings in the short and the long term. so far - i do not see IR as being effective with either. short term they have been a dismal failure. PPS is the ONLY metric that is "real" to shareholders. it is decidedly down as well as OS being significantly increased.
"If you have constructive criticism or just questions than email or post public to muse on Twitter.' => this is by far your most absurd statement. IR has made it abundantly clear that they will tolerate ZERO criticism, suggestions, etc on their twitter feed. anyone that follows up with questions, criticism, asks for clarity, etc is blocked and gets the "go talk to Bill" email. many on here have gotten that email. ironically, before being blocked, early on i received some private thanks for suggestions. however, as their message got more convoluted and communication more erratic - that obviously changed.
"But don't Backdoor slam a solid company on a message board." => what makes a "solid company" would be a good start to this. right now, the balance sheet of this company is an abject wreck, cash poor, and nothing to show for years of R&D. does that make it a failure...? absolutely not. very common with start ups - especially those dealing with high level certification. is there solid potential...? absolutely (in my view) or I wouldnt be invested and certainly wouldnt be wasting my time on this (or any other message board). back to your point - how is this "backdooring" the company? this is a PUBLIC board which IR DOES read and DOES respond to on twitter (and more than likely on here through an alias(es)). they silence their critics on Twitter by blocking them. so - who is backdooring who...? they have my phone number. they have had it for a LONG time. their condescending tweets, emails, and unfortunately - lies (or clearly misrepresenting the truth/history of events) certainly do not give me any reason to support them or think they are fit to be a public mouthpiece in a company that i have a sizeable position. if they want to have a conversation, they can call me. Bill understands the importance of that. they should set their ego aside and learn.
so - unless you have something meaningful to offer the discussion - like, say - addressing the viability of their year end PPS target of $0.01, you can go pound sand. i'm not going away. if/when the fundamentals change on the production side where i no longer see long term potential, i will sell and move on. until then, i will continue to defend my position and do what i see is necessary as a shareholder to protect and enhance the value of my investment.
"Those of us that know what we own have gone nowhere." => what do you own? IR has seriously discounted the bearings/mfg side of the business and has over emphasized the trading and EIA side. investors generally dont assign premiums to distribution based businesses/small tier brokers as there is nothing proprietary and the business model is easily replicated. the bearing side - specifically the NAVAIR certification and Chinese manufacturing is NOT easily duplicated and IS the proprietary side of the business that creates a major barrier of entry for others. As far as balance sheet - what do you own...? right now nothing but a lot of promise and potential. why dont you do your own DD on me and my posts from well over a year ago about "knowing what you own." might give you some perspective.
"You sound suspiciously like a basher in disguise." => where is the disguise...? see last part of paragraph above. i am looking to increase the value of my holdings in the short and the long term. so far - i do not see IR as being effective with either. short term they have been a dismal failure. PPS is the ONLY metric that is "real" to shareholders. it is decidedly down as well as OS being significantly increased.
"If you have constructive criticism or just questions than email or post public to muse on Twitter.' => this is by far your most absurd statement. IR has made it abundantly clear that they will tolerate ZERO criticism, suggestions, etc on their twitter feed. anyone that follows up with questions, criticism, asks for clarity, etc is blocked and gets the "go talk to Bill" email. many on here have gotten that email. ironically, before being blocked, early on i received some private thanks for suggestions. however, as their message got more convoluted and communication more erratic - that obviously changed.
"But don't Backdoor slam a solid company on a message board." => what makes a "solid company" would be a good start to this. right now, the balance sheet of this company is an abject wreck, cash poor, and nothing to show for years of R&D. does that make it a failure...? absolutely not. very common with start ups - especially those dealing with high level certification. is there solid potential...? absolutely (in my view) or I wouldnt be invested and certainly wouldnt be wasting my time on this (or any other message board). back to your point - how is this "backdooring" the company? this is a PUBLIC board which IR DOES read and DOES respond to on twitter (and more than likely on here through an alias(es)). they silence their critics on Twitter by blocking them. so - who is backdooring who...? they have my phone number. they have had it for a LONG time. their condescending tweets, emails, and unfortunately - lies (or clearly misrepresenting the truth/history of events) certainly do not give me any reason to support them or think they are fit to be a public mouthpiece in a company that i have a sizeable position. if they want to have a conversation, they can call me. Bill understands the importance of that. they should set their ego aside and learn.
so - unless you have something meaningful to offer the discussion - like, say - addressing the viability of their year end PPS target of $0.01, you can go pound sand. i'm not going away. if/when the fundamentals change on the production side where i no longer see long term potential, i will sell and move on. until then, i will continue to defend my position and do what i see is necessary as a shareholder to protect and enhance the value of my investment.
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