Thursday, July 17, 2014 9:31:40 PM
The shareholders paid off the massive Ferris Productions debt and gave Ferris the money to develop the IVR. Ferris' behind-his-back discussions with S&W got rid of Jones, and Dalby got out as soon as he saw how little concern Ferris had for the people who funded his development and paid his bills.
After those two executives were moved out of the way, who became the CEO? Why, Ferris, of course.
Since Ferris took over, he's issued almost 100 million shares (60% of the outstanding shares) to his board cronies. (Go back and look.)
You have to give Ferris credit. He had one heck of a vision on how to rid Ferris Productions of its debt via the public company route, only to essentially go all the way back to again having his own little company with his old college roommate.
Sweet deal.
"Cheated?" Ferris doesn't even give you that much thought.
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