The stock is at its worst levels it has seen in possibly its history, and Mr. Steven Samblis, CEO of IC Punch Media, Inc. still plays games with words in order to mislead investors. PLEASE Mr. Samblis… investors have had enough of you cherry picking which softball questions you chose to answer, and being reckless with the truth when you do.
In a post tonight, illustrated below, MR. Samblis responds to a poster’s request to stop the nonsense and answer straightforward (very important) questions being asked of him. His response, as can be seen below, and at the link here, if it stays posted, is to lash out at the poster disrespectfully. Since the release of the newest PR, the PPS has fallen another 25%. Investors have asked some very straightforward questions like… who is president of the company, or how is Mr. Samblis paying for the day-to-day operations of the company. As can be seen, Mr. Samblis’s response scolds the poster by saying he will not stop posting on the board in order to correct things, like the share structure that was originally in question in one of today’s earlier posts.
Mr. Samblis is quick to reply using the same phraseology as he has used many times before. However, Mr. Samblis’s canned response does not address the root of the dilution question. Notice in ALL his responses regarding dilution, he never addresses how he is paying for the day-to-day operations. He never addresses what (or WHO) is responsible for the ever increasing outstanding share count (although its obvious who is responsible). He states “he” has not sold a single share, So… how is he financing the daily costs of running the company? He may not be selling his “personal” shares… but that was not the question… the question is how are you financing the daily operations. Don’t tell us how you are NOT doing it… tell us how you ARE doing it. Everyone knows he is selling shares to operate the company, and it infuriates them to be taken for fools when he states he has not sold any of his personal shares in over a year.
Mr. Samblis hides behind the “basher” excuse, or he hides behind the “in due time” excuse in order to not address some of these very basic, (but very important), questions about the basic operations of the company. This is inexcusable ! There is NO reason these questions can not be answered, unless the news is so bad it will cause the few remaining investors to flee also, as the rest have already done. Mr. Samblis likes to blame everyone but the man he sees in the mirror every morning. This company’s future is bleak unless Mr. Samblis changes his ways… and that appears unlikely to happen if it hasn’t happened already. As they say… a leopard never changes its spots.
(Click graphic to enlarge)