I hear your frustration. I agree with Investor
Post# of 40989
I agree with Investor Relations. Steve could PR an update on all legs, especially Sifthouse (which he visited last month). Did they apply for a license; did they get a license? What are the prospects (financial rewards) as far as ONCI is concerned? Timetable??
As far as Human Relations/Personnel, for what? I only know of three full time employees, yet he has many more on a commission basis.
I don't believe we were able to change the name and ticker until Delaware was complete. I don't know the whole story on why it took a year to pay off. I would assume Delaware wanted lots of paperwork to prove why there should be a reduction of the debt amount; perhaps Steve had lawyers involved. The final result of $1,200 was fantastic; no telling how much the original debt was!! By negotiating, Steve could have saved ONCI tens of thousands.
I don't fully understand the 6th leg. This is where Steve could have fully explained in a Letter to the Shareholders Press Release.
Steve is a great salesperson, and he has spread himself thin going to AutoNation dealerships himself, as well as other potential clients. Do you believe he should have hired a salesperson/salespeople to go instead? Not sure we need that expense now. I do not believe anyone can sell our products better than Steve!!!!!
I hear, via PM, we should have the share reduction, and possibly name change by the end of the month. I cannot confirm, as it might just be rumor.
Again, I hear the frustration. I am frustrated also, but I have to congratulate Steve for getting the revenue numbers up, gaining new clients, and closing two Private Label deals. The second Private Label is supposed to be paying for a large advertising campaign. When announced, it should be exciting and financially rewarding. Steve could update us on this client, without naming names, but give us a timeframe when the campaign will begin. Jan, Feb, etc...
No, I am not ready to throw in the towel on Steve. He has done a hell of a lot in the last year, and when it all becomes public, our share price should go up into pennies or higher, IMO. When required, I am sure Steve will hire more staff. By that time we should have enough monies to shoulder the costs.
Patience, my friend!