Re: Military book..
posted on
Jul 25, 2009 09:55PM
I have been reading Biajj and Ronran for some time now. I come from a solid business background and after all these years I feel compelled to chime in on our investment in public. They are right in their judgment and point of view of concerning effective management as related to our BOD. There is simply too much smoke for there not to fire and our BOD should be our effective firefighters. Too many years have gone by without meaningful change on too many levels. Whether thru their sins of omission or commission, our BOD is responsible and they need to fall on their swords. OR drive for open discloser of material information so we can understand their plan and follow their success or measure their failures. Material disclosure In my world that means a change capable of making a 5% or greater variance in income or expense; or a change in management, auditors, or business direction. The purpose of our SEC reporting laws is to make it possible for investors to maintain an informed understanding of their investment. These laws do apply to OTC stocks and PTSC is way out on a limb in this regard. The BOD is weak or biased, either should disqualify them, all IMHO.