Standard Pacific's Q2 Earnings Call - They refused to take our questions!

Standard Pacific's Q2 earnings call was today, Thursday, July 23^rd at 1 pm EST. After patiently waiting on the call to ask questions about the Chinese Drywall and how it is affecting Standard Pacific in front of their investors, the folks at Standard Pacific REFUSED to allow the questions to be asked. (More on this later after I get some more information from a source back.)

We wanted to ask some of these questions, to which we STILL do not have adequate or ANY answers actually.

· “What is Standard Pacific doing to remediate the homes it has with Chinese Drywall?”

· “We’ve heard that several of your communities have the toxic drywall, how wide-spread is the problem? How many communities and units are affected?”

· “What have you discovered about it since the last earnings call?”

· “Other builders like Lennar are setting aside millions of dollars to remediate homes with Chinese Drywall, is Standard Pacific doing the same thing? If not, then why not?”

· “When will homeowners be able to receive adequate responses to their issues with Chinese Drywall?”

· “When exactly did Standard Pacific learn about the Chinese Drywall issues in their communities?”

· “Have you placed any claims to your insurance company yet and will they be approving these claims?”

· “How long do you expect for remediation to take?”

· “Why has communication with homeowners been virtually non-existent?”

· “Based on information from your last earnings call, Standard Pacific is looking to exit the Florida market. When is this expected to occur and can we be assured that Standard Pacific will not abandon homeowners with Chinese Drywall?”

· “What can you tell us about the remediation protocols for fixing homes with Chinese Drywall? How extensive are they? Do they include replacing not only the walls, but electrical, plumbing, all appliances, A/C unit and ducts, checking below the foundation to see if the lines coming in are corroded, and possibly even re-nailing all of the framing of the home among other items?”

· “How will you be handling the reimbursement of medical expenses due to health effects suffered by this toxic substance inside these homes?”

If there's one small piece of consolation is that they KNEW we were on there! Even if it takes decades, we will be a constant pain in their backside until they do something! This I vow!