Re: Hello-Napapro
in response to
by
posted on
Jul 31, 2010 01:48PM
Stan
You have my full support. One though is we will need a good lawyer to take on all of these aspects/issues, by that I mean a lawyer who represents all the shareholders not just a few large ones. We also need to look at PDS and how that is run. Another point any current BOD member who did not vote against letting TPL getting a non-secure loan can find the front door.(assuming its non-secure)
I like the no more M&A until solid balance sheet/ net worth.
No more options, warrantes that dilute the sp. Any future ones must be based on the sp reaching certain levels.
To many outstanding shares, we need to use future revenue to buy back. If we had the money that TPL owes us we could buy back 10million share at current price assuming they owe is 2 mil at 20cents a share. It's a good start. My personal feeling is share buyback before dividends. It is concerning that the company handling the negotions TPL can't balance the books? Not to mention that they are also selling they own suite of other portofolios not just MMP.
We need communication/transparency/accountability from this company we no longer have to operate in the dark shadows with this WIN, thats why to some degree I like a clean slate, however to be fair if someone is there truly representing all the shareholders they should have a fair review. Now is the time for this action it is way past due.
I am not opposed to PDSG strategy & eventual movement to operating company, but PDSG needs to stand on its own, not milk this cash cow. If today we had all the monies wasted over the past years we would be in an excellent positon rather then wondering when the operating money will run out. I will retire at the end of this year and can be a foot soldier but don't want to be on the front line because well honestly there are to many petty worthless distractors. (thats why me and others have been quite for some time.)
Sincerely
Napapro