Orders in hand, IBM/Intel, Break Even carrot, multiple reverse splits, outrageous compensation when comparing apples to apples for both those running the company and the BOD, the touting of the pizza company using the product with a wave investor unmasked in their employ, the incredible amounts of private placements and ATM shares being sold and the issuing of share after share, the sheer unreliable amount of verifiable information that was bandied about, the absolute way the shareholders were neutered by language in the filings with how the company was set up, family on the payroll providing nothing to the bottom line that screamed value, the seat at the TCG that resulted in ..what?....take your pick. These are all horrible on their own..but together...
All these examples and we don't even get into the behavior of the investors and the defense of that.
The universal game set and match when DELL propped the company up and yet when they pulled the plug effectively after they bought a competitor that was roundly picked apart there was hardly any discussion. It was treated as a non event that would be replaced by revenue from other sources. That revenue source was selling shares to the believers and selling receivables at a substantial loss..the payday loan effect.
I haven't commented on it in a long time but man it's still f***ING unbelievable to see it. It surely is a very pertinent reminder when I am getting lackadaisical about an investment to really bear down and do the homework on what really matters.
