Your correct! I have nothing invested in the GOFH. But I'm using this
crazy and radical approach: I thought I might take a thorough look at
this
company BEFORE I invested my money.

I started paying attention to them in February of this year. First, I
did my
homework on the business vertical. That was not too difficult, as
online
video is growing by leaps and bounds. Then, it was on to flow of ad
dollars
toward this growing medium. Was it real? And, more importantly, was
it
sustainable? Again, the evidence was overwhelming. So then comes the
harder question to answer. Who benefits? Of course there are some
obvious
answers here: Google's YouTube, Revver, News Corp's MySpace, etc. But
I
didn't see the opportunity to turn $25,000 into $250,000 over 24 to 36
months
with those choices. You could certainly make money...but you can also
do
that with a nice conservative mutual fund.

After literally months of patience and due diligence on the company,
the space, the
advertisers, the content producers, I picked an entry valuation. I did
not want to
get into GOFH while it was valued at more than $15,000,000. No
exceptions.

All the while, I would watch the message boards, anemic as they were,
and marvel at
the indignation of some ( not all of course ) of the stock's
purchasers. Much of what I read
can't be repeated here, because of the language that was used. But to
my everlasting
shock...the vast majority of those on the boards, never talked about
anything on which a
shrewd investor, would hang his/ her hat. Furthermore, no one was
asking tough questions.
They were simply damning the precipitous drop is the stock. My view
is: Why did you not
know this was bound to happen? Answer. Because some people were
following the herd on
GOFH. I think people like you and Chicago are the exception here. But
even the two of
you, who I respect because of your reasonable, well thought out
points, seem to have taken
measure of this company, out of context.

Here is what I've discovered so far. GOFH is not managing their stock.
They are rightly focused
on managing a company. And to do that, you need to have an operational
framework. How can I
manage a business, without knowing implementing order. That takes
time. But if investors had
taken the time to look into the professional experiences/ expertise,
of the people GOFH was
bringing on board, you would have discovered, a guy well regarded for
financial acumen.
Mr. Verjee is not there to be a long-term president, he is there to
instill financial discipline.
The effects of which, were not going to begin to be felt until the 3rd
and 4th quarter of this year.

They've brought on people ( at least 2 that I know of ) from Yahoo who
really understand the medium.
And one of them was responsible for the front page of Yahoo. Aaron
Cohen, of Bolt, is as an unassailable
executive, and really understands the advertising business. And is
well known within it.

I am not here to convince anyone that I am right and they are wrong.
What I do hope to do is contribute
to a robust and informative discussion group. I will learn things
here. In fact, I already have.

But to say that this company ( stock ) has NO intrinsic value is both
vague and misleading. That seems
too visceral, too personal. We ( your readers ) can't learn from you
if its too emotive. Your loss might color
your personal opinion. But your personal opinion should never color
your loss.

My invocation of MySpace was not for matters of comparing the two
companies. But rather, to illustrate
how widely perceptions and value can differ, when looking at the same
set of facts. It isn't your doubt about
GOFH that concern me, but instead, your certainty of that doubt.

I think the reason I will make money off of GOFH, is because the only
thing that I certain of...
is that I don't know everything. And so I'll just keep asking
questions.