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Message: Re: many think they could execute better,...EMMA.../Gi...

WELCOME BACK...

WHAT YOU SUGGEST IS AN EXCERCISE IN FUTILITY, AND I AM NOT IN THE HABIT OF DOING THAT...

IN ALMOST 9 YEARS OF BEING A SHAREHOLDER, I HAVE SENT NO MORE THAN HALF A DOZEN e-mails to PUTNAM. I LEARNED FAST THAT HIS RESPONSES ARE OFTEN FRAMED IN TERMS OF "EXPECTATIONS" AND GENERALITIES, AND HE DOES NOT ADDRESS QUESTIONS THAT ARE "SPECIFIC" SUCH AS...

"MR. PUTNAM WHY DID COMPANY FAIL TO ISSUE A SHAREHOLDER ALERT INFORMING THE INVESTING PUBLIC THAT EDIG WAS GOING TO RETIRE A $750,000 NOTE DUE IN DECEMBER OF 2007 BY ISSUING STOCKS? AND WHY WAS THIS NOT DONE SEVERAL MONTHS EARLIER WHEN THE PPS WAS MUCH HIGHER THAN $.13 CENTS WHEN THE DEAL WAS CLOSED?"... 

MY POST WAS A RESPONSE TO EMMA'S POST WHEREBY SHE ACCUSED EVERYONE OF ENGAING IN SECOND GUESSING THE COMPANY...

I WANTED HER TO KNOW THAT INDEED THERE WAS A LOT OF GUESSING GOING ON BECAUSE OF COMPANY'S FAILURE TO COMMUNICATE WITH THE SHAREHOLDERS ABOUT VITAL MATTERS THAT AFFECTED SHAREHOLDER EQUITY. NOBODY WAS SECOND GUESSING THE COMPANY ABOUT HOW THEY RUN THE OFTEN SECRATIVE DEALS THE COMPANY ENGAGES IN. WE ARE SIMPLY TIRED OF THEY MANAGEMENT'S FAILURE TO DISCHARGE THEIR FEDUCIARY DUTY TO THE SHAREHOLDERS OF KEEPING THEM ABREAST OF DEALS THAT AFFECT THE SHAREHOLDER EQUITY IN A TIMELY MANNER, AND NOT ON LAST HOUR OF A FRIDAY AFTER THE CLOSE OF THE MARKET, AND AFTER THE DEALS WERE WERE EXECUTED IN A MANNER THAT LED TO SHAREHOLDER EQUITY DEPRECIATION OF OVER T55%...

NOW YOU KNOW WHY I THINK IT TO BE FUTILE TO GET A RESPONSE FROM THE BOYS IN CARLSBAD?...Lol...Lol...

Gil...

P.S. You are welcome to e-mail putam or anyone else in the compnay the above questions, if you think you are going to get an answer?...   

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