You Gotta Admit
Being that we have not had a "state of the Nation Address", that insiders have handed themselves an innappropriate number of options after playing the dissident card based upon the greed of the previous management; that nothing has been mentioned about what salaries are being awarded; that no strategy/plan has been outlined; that no release has announced an independent investigation; and that the latest placement only referred to operating expenses, we have nothing positive moving forward to go on and only leaves one suspect.
Surely anyone with intentions to take over a company has his ducks in a row. Surely someone looking at attracting/raising 100's of thousands of dollars has a convincing/compelling argument as to why one should invest (right). Were you privy to this information if approached to participate in the placement? In my opinion, there is problem if you were and a problem if you weren't. There just are too many unanswered questions.
The issue now is not Patrick O'Brien as much as it is Adriaan Bakker. Yes Adriaan is entitled to time to put a plan in motion, but shareholders are entitled to answers to the above-mentioned questions. To ignore the substantiation of the allegations and to ensure follow-up action, would it suggest something else? The answers to the above are not earth shattering, nor should they be confidential. To provide this information is simply common courtesy to investors who have provided support, and many for several years.
I