RE: RE: RE: is it the new boss........ gofx I basically did this with my blog, tried to explain things in terms everyone would understand and connect to. The stock got hot for a while a year ago and while the management did an excellent job expanding their business, them and Spinakker absolute dropped the ball getting the word out or securing capital. When the pot is boiling, you take advantage of it! Look at EKG for example. They halt the stock and put out every piece of fluff news possible to keep investors eyes on it and got some cash at very favourable prices. INT did the same until they secured their financing at $1.20.
Every single dealer added should have resulted in a news release last year just like every single user added to Ortsbo resulted in a news release. Instead, people had to fish them out for themselves on the TFLG website.
But the worst error the company did was this temporary short term fix financing where they had to put their processing division up for lien. First off, their confusing accounting led me to believe they solved the debt issue but when they had to convert to IFRS accounting, the debt load was right back on the balance sheet in the Q1 2011 results. Now we are faced with massively diluting and reverse splitting a half cent stock when they could have promoted it at least to 15 cents last year, secured financing at 10, claim back their processing division and we wouldn't be too bad off.
The company won't go bankrupt, but current shareholders will be signficantly diluted out of the company, by more than 50% for sure and maybe even 75%. At this point it's definitely not worth selling, but instead of taking some trading profits at 4+ cents on a small piece of my holding last year I wish I just had dumped the whole thing.