Reply to comment

I think it serves an important purpose beyond this situation. Too many public CEOs try and hide bad news. And while I can certainly appreciate damage control, I think the few companies that have failed while attempting to make a good faith effort might have survived if the CEO's checked their egos at the door.

I've been studying this closely, and I feel safe in saying that investors don't lose confidence because of bad news. They lose confidence because CEOS clam up and disappear when things don't go exactly as they predicted. Example: Cadence Juran(CEO: MNM). She spent all that time using Y2P as her personal advertisement space to make the IPO a success, but it's been two months since she graced shareholders with her presence. And the shareprice reflects that at a current value that is roughly 10% of the IPO price (full disclosure: I own 0 shares of MNM).

So, I'm proud of you Snerd. You keep it honest and people respond to that. Wish I could count myself among your shareholders, but I expect you know quite well why I don't.