Response to the CEO

Last night the peripatetic CEO made another post to his blog apologizing for his lack of action and scolding shareholders for criticizing him - again. I formulated a response to him that I was about to post on Investor's Hub, but have decided to post it here instead.

Interesting blog post from the CEO. So now we are in the broadcasting business? Who knew? And the Olympics too? I can't wait to see what kind of Olympics deal our fearless leader is making for us. I guess he will outbid the networks for reruns, or something. He really must think we are stupid - not even his lies are well thought out. At least he confesses to being confused in his post.

Complaining about posts here while disabling comments on the blog is about as foolish as you can get. It seems that he is encouraging us to post our disappointment here, since he refuses to provide another venue, one that he could control.

One big question for you Mr. CEO - how can we believe that you are working on a website when your technical staff can not even get a single graphic image work on the so-called website? And while we are at it, can't you afford another phone number? Using your Canadian residential phone number for corporate communication is another sign of a crack commercial enterprise.

Hoping for the best while scolding and threatening longs (James - longs are people who own RLTR stock) is no formula for success. Lies about what you are doing will not make anything happen. Nobody I know wants to see the company fail. It is the judgement of many of us that the company needs professional management to succeed. What are you waiting for? Your alternative is on the table. Resign.

Nasty business we have here. Our CEO evidently intended to take the company without bothering to pay for it. He hoped to sell or hypothecate shares to fulfill his two million dollar commitment to the company. When the mere fact of his eminence failed to create shareholder value (imagine that!) his plan fell through. But then we enter the bizarro world, where he hunkers down in Canada and hopes, or pretends, that everything is going along fine and according to plan.

All this would be fine comedy except for one thing. The clock continues to tick. The stock may be delisted any day. Then we will truly have nothing. Not even hope.