Re: Greetings From an Old Long - Geoff
posted on
Oct 15, 2006 01:03PM
Hi Jeff,
I took a little trip back in time this afternoon. The part about this whole experience that is so disturbing has to do with overly optimistic statements by Paul that sound great at the time; but, which don't every seem to gain traction.
Specifically, I looked at a message from March 1, 2005 which presented information that you received from Paul during a telephone conversation on that day.
One point that was discussed was demand for the feed additive.
The following is the paragraph which presented Paul's thoughts regarding demand: "Although YBG is beneficial as a dietary additive for many other kinds of critters, the intial focus will be on poultry. Paul emphasized that there are firm commitments to purchase more than 100 percent of the output capacity of the first production line."
I believe that Paul owes the shareholders an explanation, and an apology.
Jeff