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Re: Ramp Worm post# 42519

Wednesday, 09/28/2016 11:51:46 PM

Wednesday, September 28, 2016 11:51:46 PM

Post# of 47873
What I would call McGann going incommunicado is "reasonable." Presumably he has been negotiating a sale of the company, at least as it exists at present, an ETD company. You don't go public in the middle of a negotiation. There are legal reasons and common sense reasons for maintaining silence. As to the company being "stolen" out from under us, we don't know the price, and "stolen" is clearly a subjective view. It's important to keep in mind that the buyer sets the price of any purchase, whether a house or a stick of gum or a ETD company. WE may have in OUR mind that it's worth $1/share, $2/share, whatever a share, but our perspective is irrelevant, and probably wrong, given our burning desire for a very high price. Besides, I don't see that McGann would benefit giving the company away. As I've said, if the company is sold for less than $1.41 I believe it is, most of management will not benefit. Lest you jump to the conclusion that I am McGann's protective mother, I am not. Finally, let's be clear (again) about the "victory lap" comment. It was in the context of congratulating the iMSC team on performing over and above expectations in building and delivering systems to customers all over the world. Another finally -- I do think being so late in announcing FY16 results appears inexcusable. I wonder what was going on behind the scenes to make them so late. I just read on this board that FY16 revenue was just posted with the SEC and it was very good -- maybe the delay had to do with that. If you dam McGann for not talking to us, give him credit for blasting through his guidance of $43 or $44 million for the year. Percentage wise, it's a very significant beat.

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