Hi Everyone.

As you can see i can't sleep tonite.
So I was browsing the stock market.
And happen to run accross the Paul Son Quarterly Report.

Is it just me or is Paul son the biggest joke out here.

This company has so many excuses why things don't work.
They have the best product out there but apparently no one who can run the place.

Let's see I had a few expierences with them

#1 Told me no problem on my chips

result: They never delivered them and didn't even bother to call.
just kinda acted weird. BTW Chipco did it for me in 2 weeks and the are all the way in maine.

#2 Told us they needed a booth at my show, for their retail services.
So i saved them one.

result: I called a couple of days before to make sure they had all the info.
of course all of the sudden no body knew anything. And like every other mistake mike will call you back and apologize and their is always a story why it didn't happen.

#3 Okay they can't set up a booth, so mike promises they will bring by someitems for the raffle. This way they can sponsor the show.

Result : You guessed it nobody ever showed with anything.

So I wonder why their stock is crap.
I tell you why. When they went public a lot of people made a lot of money.
And now the company is run by many people who don't care anymore.
I think that is pretty bad.
Do you at one point there stock was at 26 dollars.
That means if you invested 2.6 millions dollars its now worth $160,000 dollars.
Glad i am not in those shoes.

But the worst part is , that it is because the people who run it just don't seem to care. Anybody who has ever been at the Paul son wharehouse can see how much Space is being wasted there. And what their retail shop looks like. And every casino that i talk to and who works with paulson is chancelling chips all the time. But if you read their quarterly report the CEO says they need more casino's to open so they can make money.

I think if you have the money Paul Son be a great investment.
It takes 4.7 million dollars to buy controlling interest in the company.
First thing i would do is fire all the family members who work there and get some people in there that are gonna produce. Because the company has great products. Its just they can't manage to market themselves or just don't care.

Anyway my 2 cents worth.

Rene