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Wednesday, 09/17/2014 5:44:18 PM

Wednesday, September 17, 2014 5:44:18 PM

Post# of 77519
Where is the facts behind BL CEO of MMRF being a "winner"? How is that "label" made?
Being a Great genius Marketeer?
This is mentioned time after time after time..
Provide links or whatever that shows the facts of those ..

Here is part of a news article about Smartalk, in which CEO of MMRF was CEO.

This one most important

Smartalk's stockholders are already essentially wiped out.



But Mr. Lorsch was no Bernard J. Ebbers, the communications takeover wizard who built deal upon deal and is now chief executive of MCI Worldcom Inc. Smartalk was consumed by its acquisitions, failing to integrate its various financial systems successfully, according to executives close to the company. And since the company did not own its own long-distance network, it had difficulty controlling costs.

Then came perhaps the worst embarrassment a public company can face: the need to restate earnings.



Did BL sign off on those?

So why did it take four months for AT&T to put together last week's $192.5 million agreement to acquire most of Smartalk Teleservices Inc., a small, distressed seller of long-distance calling cards?



a small communications company richer in concepts than in capital.

Seem familiar? LOL

Last Tuesday, Smartalk issued one of the telecommunications industry's stranger news releases. Smartalk had agreed to sell its assets to AT&T for an amount that was barely more than one day's revenue for the long-distance giant.

Then came the odd part. ''Separately today,'' the release continued, Smartalk had filed for protection under Chapter 11 of the bankruptcy laws.



http://www.nytimes.com/1999/01/25/business/pint-sized-deal-gave-at-t-a-barrel-s-worth-of-challenges.html

If anyone believes this post contains anything false, tortious or libelous, please point it out. I will promptly retract it and apologize or else explain why I believe you are wrong.

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