Currently… in our opinion… yes. However, we believe it could all be turned around if the CEO would do his job and talk about the company – where its at, and what plans and actions are in the works. Will he do it… doubtful. He has kept silent except to post a few times on a message board, but as we discussed here, nothing NEW was discussed.
The stock PPS is sitting at a 52-week low right now, and likely to go lower if something is not done. It appears as though the CEO, Mr. Steven Samblis does not care about investors. Note we said “appears” to not care. We believe he does care, but, we believe, he is currently making a huge mistake by maintaining his silence about company plans and actions. He stated in a previous post, here, that “Everybody is [working] 24/7 over here…”. We have no doubt he and the “team” are working hard, however the investors need Mr. Samblis and the team to work SMART also. It simply not a smart move to sit quietly while the company PPS falls to earth. Many potential investors will focus on the 52-week low, and lose sight of the 52-week high of 6-cents a share. It is obvious this company has potential, but the management is not stepping up to the plate and capitalizing on the potential. WHY we ask ??? Why would a CEO (and management staff) sit idly by and watch the PPS fall to the ground, causing potentially irreparable harm, and do nothing to stop such?
Mr. Samblis… please PLEASE stop the hemorrhaging. Step up and address some of the questions that are preventing this PPS from moving forward. Do you seriously think you could ever hope to attract serious investors down the road with so many unanswered questions, and controversy surrounding important issues like… why the abrupt turnaround and capitulation to Collins, the unaddressed questions surrounding your new President, share structure, revenue generation, and overall vision and direction for the company now that its divested of PunchTV?
Mr. Samblis… here is a very simple question… is what you’re doing, working? There are 2 actions that have synergy… your silence on the above referenced issues, and the ever falling PPS. If there is no change in both of these actions, we believe, all your hard work will be for naught. Unfortunately, YOU believing in VU Media is simply not enough… you need investors to believe in the company. To date, post PunchTV divestiture, you have not given investors any reason to believe in the future of the company as you do.
You may be working hard Mr. Samblis, but someone once said… if hard work was the avenue to prosperity… laborers would be the richest people in the world.