Yes, I said his post was a lie and they deleted my post. Yes that was Joseph posting on the other board. Finally about the CFO position. Peter our CFO for many years also ran a very successful CPA firm as his main business while we built the company. Peter is a PCAOB CPA which means he also does audits for other public companies. As our PCAOB Auditors began to grow and we have worked with them for so long it made sense for Peter to merge his successful firm with theirs. That is the reason Peter had to step down as CFO because he now is Partners with our Audit firm. I have been CFO since that day, assisted by the woman that has administratively done our books with Peter for the last 4 years.
About being a public company and why people take their companies public. There is only one reason to do this. I know some people may feel the main reason we go public is so we as the people that built the companies before taking them public can get bashed and called a scum bag on public message boards is the main reason. And, as much as i love that, it is not the reason we go public. We go public because it gives us access to capital markets to grow our business. All public companies go public to be able to take shares in their company and trade them for the cash we need to run the business and grow. We need money to do the most simple things as pay for our web servers to buy a TV network. That is the only reason we are public.
If people don't understand this they should not invest in the stock market in general.
If people can not afford to lose the money they put in any stock including stocks like Apple or Intel they should not be investing a single dime in the stock market. Because the stock market is a risk. even what appears to be the best companies crash and burn in the stock market. We have seen this thousands of times and its not going to change. The stock market from the pinks to the big board is a risky place. With that risk could come reward but that also is not a guarantee that "with great risk comes great reward". That is simply not true. But some times a company comes along that makes a difference and in the process makes investors money.
If you can afford to lose your money then the best you can do is look at a company and determine 3 things.
1) Is the market place the company lives in one that is growing and has potential to keep growing?
2) Does the company have a niche in that market place which it could dominate or take on a good size part of that niche.
3) Does the company have a management team with a vision and the ability to follow though on that vision.
If the answer is "No" on any of these then move on and don't invest. That includes in my company.
Now, to the bashers out there on the other board. Please enjoy my post and tear it apart and post hundreds of replies to it. Even the small five word posts calling me Scamblis are appreciated because those all count as posts and keeps us at the top of the boards over there. As your lies continue to be dispelled we will remain at the top of that site and a few people will find us because of your help.
Have a good weekend to all!
