Forums > Fairey Angel Creations > Topic: News Story: Quarterly report posted
|Jul 14th 2011, 22:10
|News Story: Quarterly report posted|
|Our quarterly report is now available in the forums!
Dividends will be paid 8/1/11
Firstly I would like to address investor concerns. I have seen the posts and would like to apologize for not keeping you better informed as to the happenings at FAC. I am new to being the head of a publicly traded company and did not realize that you ( the investors) expected more information than would be contained in our quarterly reports. You can all look forward to bi-weekly post from here on out.
In the report I made mention of my search for a business manager. Please forward any names for possible canidates or let me know if you might be interested.
A major investor asked to head the board of directors for our company prior to the IPO. The position is still being reserved for him. I would like to offer an additional 6 positions, to be filled by other investors. Drop me a notecard if you are interested in helping to shape the future of our company!
If there is any additional information you would like to know, please feel free to contact me personally.
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|Aug 1st 2011, 20:22
|Re: News Story: Quarterly report posted
Edited by author Aug 1st 2011, 20:23
"Dividends will be paid 8/1/11...
You can all look forward to bi-weekly post from here on out..."
Granted, I've already exited all 50,000+ shares that I had.. The real question here is whether the CEO plans to actually give us bi-weekly updates or an 8/1/11 dividend. Perhaps this was simply some sort of false hope.
I was confused as to why a dividend would be paid(even a small one) when the company is operating at a net loss. The company info page states, "We will thrive to pay out dividends every 6 months starting by next half financial year." Isn't it too early according to that to be paying out?
It just appears that what's being said suggests that you may be trying to please investors without actually supporting those statements. The night is young though - I just don't expect a follow-through with the plan as stated.
Good luck to all those invested into FAC. I hope I'm wrong.
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