Been a long time since I have looked at this board
Post# of 22940
(Total Views: 499)
Posted On: 06/04/2019 1:21:57 PM
Been a long time since I have looked at this board. I guess it is good that Bill is posting here and owning up to some past failures on the revenue side but he never addressed the whole IRMUSE fiasco. People invested real money (not a couple hundred for a lotto play) based on his business plan, share buyback, and then and most importantly the guaranteed contracts James went over in detail on the shareholder conference call. Investors were given a steady diet of pictures of the new facilities and equipment being installed or placed, given news about contracts being signed and guaranteed revenues, and given specifics in terms of numbers. Then there was the whole reconstruction fiasco.
For those saying you took a risk and own it, that is just misguided. There is one thing to take all the information available, evaluate the risk and reward, and then invest accordingly and have things not work out. However, when you are purposely and repeatedly lied to about material information from agents in the company or expressly working on the company's behalf, that is no longer a failed risk. That is manipulation and fraud. Either James was lying, Bill was lying, or they were lying together. There were investors posting on here regularly that had tens of thousands invested based on these numbers being provided not to mention those that bought into the class D shares with a supposed guaranteed return of 50% or something. What happened to those shares and where did that money go. When those investors posted on here countering the naysayers they were quoted and liked. When they started asking the hard questions as I think it was James that liked to say, they were blasted on here and the twitter feeds. Until Bill addresses that conference call where James guaranteed SLA revenues in the hundreds of millions over multiple years (that is the one that unfortunately hammered me and several others as we thought the NAVAIR approvals were finally paying off) it is hard to take anything he says seriously. Rather, it is much easier to take them cynically and question everything that he puts in the public domain. If he is sincere, have the coming to Jesus meeting with shareholders on how that failed so spectacularly on the business end and communication end.
There have been others who have addressed all of the inconsistencies and lies in greater detail and much more animosity than I but they are not wrong, or bashers, or crazy. They want answers to where the money went and why they were lied to about signed contracts and guaranteed revenues.
For those saying you took a risk and own it, that is just misguided. There is one thing to take all the information available, evaluate the risk and reward, and then invest accordingly and have things not work out. However, when you are purposely and repeatedly lied to about material information from agents in the company or expressly working on the company's behalf, that is no longer a failed risk. That is manipulation and fraud. Either James was lying, Bill was lying, or they were lying together. There were investors posting on here regularly that had tens of thousands invested based on these numbers being provided not to mention those that bought into the class D shares with a supposed guaranteed return of 50% or something. What happened to those shares and where did that money go. When those investors posted on here countering the naysayers they were quoted and liked. When they started asking the hard questions as I think it was James that liked to say, they were blasted on here and the twitter feeds. Until Bill addresses that conference call where James guaranteed SLA revenues in the hundreds of millions over multiple years (that is the one that unfortunately hammered me and several others as we thought the NAVAIR approvals were finally paying off) it is hard to take anything he says seriously. Rather, it is much easier to take them cynically and question everything that he puts in the public domain. If he is sincere, have the coming to Jesus meeting with shareholders on how that failed so spectacularly on the business end and communication end.
There have been others who have addressed all of the inconsistencies and lies in greater detail and much more animosity than I but they are not wrong, or bashers, or crazy. They want answers to where the money went and why they were lied to about signed contracts and guaranteed revenues.
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