QUESTION
Eric, what happened to this (DTC) Sponsor? There are people on the OTCBB message board, ripping this stock apart. thanks
ANSWER
We are still working on the DTC matter. The DTC does not have a legal grievance, or in fact any grievance, with us in particular. There is a desire by DTC to have confidence in the validity of shares of unregistered companies. Providing this confidence is a matter to be dealt with on a case by case basis between companies and the DTC, because the circumstances of each company are unique. As a practical matter, there is quite a backlog in such reviews due to the large number being made across the entire category.
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As to the “ripping apart” that you refer to, it is par for the course in an anonymous posting environment. People can hide behind their anonymity and say anything. Fortunately, in real life people cannot walk amongst us with identities concealed. It is well known that when identity is concealed, behaviour deteriorates dramatically, because the concealed person escapes the consequences for their (often misleading or outright false) statements. Even simple tracking of posters by history reveals obvious patterns along these lines, across various boards. Furthermore, it is common for the worst offenders to change their handles from time to time. The worst are usually not shareholders and simply obsessed. The typical calling card of such obsession is that the poster will claim to be looking out for the interests of shareholders, altruistically, despite not being one.
The majority of our shareholders do not post and prefer direct, unconcealed, communication for best results. Shareholders who do post can usually be recognized by the discussion of their legitimate interests, rather than exclusively looking for fault, real or imagined, The message boards are not reflective of the tone and calibre of our shareholders as a whole.
