Primed - Truth be Known
Hey Primed;
Your writing has improved immensely. I know that it is just a blog as you told me, but trust me, as a reader I found the latest posting much easier to follow and accept as a coming from a credible source. Congrats.
Since it was my post that you chose to write about, I must tell you that you completely missed my point. Read the two postings of mine that are there. The first I suggested that since we don't know if they'll need cash and it is awfully quiet, it feels like take-out time.
In previous posts I said that they majority shareholders who are in at an average cost of .04 or so...maybe less, could opt to sell. We would have little to say and less to do, unless of course I am wrong and there is in fact no majority group that could do so. I'd love to know the facts on that subject.
The post you picked up was simply for discussion because the board had been very quiet until today, thanks to you....it's a sincere compliment. BUT I NEVER SAID THAT I WOULD SELL FOR .075 - .08!!! My average cost is much higher than that.
So please, when you write, know what you're talking about by reading the information you are critiquing very closely, because misquotes in any business are disastrous.
BTW, I also said year end financials are due soon so we should get info then. I am very concerned though that all the cash is burnt. This means one of two things. They did very well on sales or something else is up. I hope for the former, but I worry about the latter. Logically, if they aren't doing great selling, they'd be after more money. We have not seen any of the regular requests for backing recently. So, perhaps they sought loans instead in which case they would have had to put up their receivables, sales or oodles of inventory that can be sold to ensure the return demanded, to use as collateral.
I have never questioned their product. I have only question their lack of performance.