Wednesday, July 06, 2005

Dark Days (purely editorial so be forewarned)

Times are tough in PrimeLand.

Only a fool would not be concerned by recent developments.

We had a hacker attack on Busboy's website (see screenshot below). Most likely meaningless.

Our Nevada filing has been updated. Good news but it raised a concern. Most people's recollection is that after the r/s last year the a/s was set at 1.3 to 1.6 B shares. The new a/s in the updated filing is 2.075 B shares. Why the up-tick? Recent trading volume suggests that the o/s has risen sharply. But it in no way supports anything like a billion shares. Since the a/s was already 1.6 B- why raise it?

The funding situation continues to be a blackhole. No updates, no information and nothing period.

All of this continues a disturbing trend of "blowing" off investors, in regards to, providing information. Most of us would be happy with simple updates. The share price has collapsed and I (IMHO) place the responsibility with the company and CEO for not showing any respect or decency toward the shareholders in terms of providing information.


The saga continues....

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