RE: NL - the accountability of Paul Metzinger.....Daytra...
posted on
Jun 22, 2005 04:18AM
The loss of so many people who were a key part of plans announced in 2000 and 2001 when they first brought on board has always been one of my biggest concerns.
The Brunetti deal put me over the top. I wonder if anyone else really dug into the specifics of what happened in that case. I was hoping someone would, just so I could validate my feelings, or dismiss my feelings if I have been looking at things incorrectly.
It wasn`t until the financing deal in January 2004 that I saw a pattern start to repeat itself.... the stock price rose rather significantly in just a few weeks (or maybe it was less) from the $.20s, or maybe low $.30s, to the $.70s for no reason known to ordinary investors. Maybe the pattern was too similar to earlier experiences. I watched, and thought.... here we go again. Then the financing deal was announced, and within days, the stock started to fall rapidly in price. I sold 80% of my holdings in the high $.50s and $.60s at a great loss. When the stock was crossing the $.30s on the way down I had a big pit in my stomach. It all seemed so typical. And it all seemed so wrong.
The Xact deal seems like nothing more than the same old stuff to me. Are Xact and Bio-Agra companies an individual shareholder would invest in? The little research I have done into these companies suggests that they have very little to offer. Things like an AOL email address, and an empty building (or so it was the last time information was provided), coupled with the fact Xact appears to be more interested in marketing (anything) than it does in the product Nanopierce has been promoting to us, that I am highly suspect of everyone`s collective motives.
I feel foolish to have bought into the rhetoric. I lost most of my savings. And, I`m pretty bitter. I don`t think it is fair that honest people believe in something with so much conviction, and then get not as much as an apology when things go so wrong. And to show how much it bothers me, I would be willing to contribute some of the cost, and as much of my time as necessary, to investigate our options as shareholders. Does anyone else feel the same?
And, just to keep things proper... All My Personal Opinion.
Jeff