A review:
1) JC is a bad guy - we already knew this. Steve makes a deal with him, makes him President. Then tells us he was a bad guy anyway (like we didn't already know) and we are better off without him.
2) Some affiliates have not been broadcasting for months. There are shareholders who apparently knew of this before Steve did. Not long ago, Steve says that he was recently made aware of these affiliates being off the air - months later. This is where "all our efforts" were focused but apparently not focused enough to know that there was dead air in major markets.
3) A year ago the countdown that led to the major run led to the PR of the EZ-VIP deal. That was supposed to be the "next level." Just a reminder. That deal died. And this does not feel like a next level.
4) We had no revenues in a quarter where again "all efforts" were put toward TV. Yes, the deal was rescinded but what does "all efforts" exactly mean. Steve once said that the self-help site he had up (in the past) made a couple grand a month with him doing nothing. Yet, that also made no money. This doesn't make any sense.
5) We have yet to hear anything "official" from the lawyers in terms of the meat and potatoes of what the deal is with the falling out of Punch. We have received piece-meal info from Steve but that ain't enough. That piece-meal info left out that that we had no revs from punch. I only bring this up because STEVE said we would be receiving an official word from it. And we have not gotten it.
6) I may be beating a dead horse with the lawyer thing above. But that points to something - a trend - that is more sinister. Steve does not stick to his word with regards to when he is going to do something. This has happened in the past with the failed countdown. When you say you are going to do something at a specific time and then DON'T, your credibility is sacrificed.
7) Steve has been rude to ANYONE who calls him out on this. There have been people here much longer than ive been here and he treats them poorly.
8) At the Miami EZ-VIP party last year, Steve told a shareholder that he predicted we would be at $2 by the end of this year. If that isn't pumping, what is? As a bonus, he also said that he would be working on other things with Daymond John. We never heard about that again.
Ok. That's enough to think about. We should all be questioning these things above. They are all red flags.
SL
