Reader Interaction - 24-25 July 2006

Questioning the Proxy Vote, Continued...




24-25 July 2006
EB Reader & PK Correspondence


PK,

Just letting you know that I received no reply from the company upon my sending an email requesting the status of the true float. I smell a big fat rat here; and I encourage you to look deeper into this matter as I have. Someone holds a lot of stock to sell at anytime.

Look at the recent drop for confirmation-lots of innocent people get badly hurt from stocks like this.

No one ever asked the real tough questions as I have-and look at the decline!


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EB Reader,

In the past, questions have been asked, and answers were given--that process continues as this company changes. You are not the first to create that wheel.

I am not a financial analyst, or accountant, but I have great trust in those who have worked at that as a career. Those who have been at that task for the past 20 years and have the experience to share. One of these individuals of trust is a friend, and he is working to sum up an answer to your query on my behalf.

FYI--the individual I am referring to, until recently, knows this company's principles. He not only researched the company thoroughly, but he invested, and remains invested there also.

Until he relays his summary, rather than getting twisted over this issue, I might recommend you lighten your investment load for the time being. Or, if you truly feel you smell the "rat" then maybe you should simply throw a pass at the whole investment option.

The company will continue down its path, and the reality is, if you are as suspicious as your note indicates, that latter option might offer a certain peace of mind.

Over the past number of years, I have talked to a number of people on this very issue, and for the most part I am aware of the broad-stroke answers.

As I noted, questions have been asked, and while you are right, the company will do little more than point you toward SEC reports submitted, there are those available who can read into the numbers and give you the honest answers to those "hard" questions. Once again, I am far from an accountant--there are basic fundamentals that you must learn when it comes to stocks if you wish to truly track/trend that aspect. I am aware, but have never learned the fundamentals--that is not my focus, and I won't pretend to be the expert there, but I will offer assistance when possible, and have. I referred your question to one I trust.

At this point, that is the sincere best I can do in offering a valid assist.

PK sends...