RE: RE: RE: RE: I bought another 10,000 sharesI'm not trying to offend or call anyone down about their opinions. Just trying to explain what we are dealing with here. It seems that some board members think that our product can be hawked like hotdogs from a stand on a street corner. Put up some colorful signs, get some pretty girls to draw customers to the stand, yell like a town crier to get peeps attention, etc. The reality is: we are selling our product to institutions. There are committees, there is shmoozing, you have to build consensus among a large group of people in charge that mete out the dollars, there is the state of the current economy, there is testing, and more testing, then a pilot project, more schmoozing, then the committee tries to squeeze some dollars out of the contractors, then the committees have to sell the project to the peeps in control of the dollars, more schmoozing occurs, etc. I don't know if you all understand by now, but what we are dealing with is a product with a very loooooooong sales cycle. It takes time (years), determination, and a dam good sales team to pull this off. In the mean time, there are bills to be paid, salaries to hand out, R and D to keep up. If we do land a large sale, then it is like Dr Mike says: this money is stable and reoccurring for quite a while. On top of this, the economy is down and the folks that are on any team that is trying to decide how to spend dollars are making darn sure that what they are getting is worth the tax money they are in charge of. They are scared of losing their jobs.
So Norbert appears to be a slouch to all you board members that are in to the business of selling hotdogs. So maybe you should sell your Sirit shares and buy a hotdog company, or a hotdog stand. But getting to the truth of the matter: I think the peeps that are very critical of the Sirit Management are also very far under water. Probably in a $2.00 - $3.00 adjusted cost base. I guess I would be a little desperate and critical too if I was in that pickle. On top of that, you also talked the brother in law into buying shares too and it’s getting a little hard to look him in the eye at family occasions.
So like 4putt says: this is not a game for the weak kneed or faint of heart investor. Show us you have some balls and suck it up and have some patience.