Friday, August 22, 2014 2:00:07 PM
I'll probably never drop the WAFr bone, regardless of what it is called in the future. I can't imagine how anyone can reinvent this as a profitable company at this point. There is just too much baggage, even if Core Wafer Systems files for bankruptcy. THAT obligation is actually the least of WaFr's problems.
Cyril and Teresa would probably both have to depart and some new...er..."talent" appear with some great story. But chances are, and penny stock history confirms this, that it will just be a story. No profitable company is going to go "public" by attaching itself to this shell. Unless its owners are idiots, in which case, the profitability is probably a temporary fluke!
What I truly hope is that some of the many investors who lost money on WaFr's "Core Wafer" story have filed or will file complaints with the SEC. It doesn't take a genius to review the PRs of the past two years and question the truth of them.
Probably no one will ever get any satisfaction, but a girl can dream of seeing certain people in orange jumpsuits...
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