Posted by: NotSurprised Date: Wednesday, December 02, 2009 1:34:11 PM
In reply to: P K G who wrote msg# 7898 Post # of 8066
In response/comment on what was stated, of course only IMO.
"in case VBI had financial troubles". IMO - MANAGEMENT HAD MAJOR ISSUES FOR A LONG TIME. DECISION-MAKERS WHO ONLY THINK HOW THEY CAN MAKE MONEY FOR THEMSELVES MAKE POOR DECISIONS FOR A COMPANY.I read that to mean P2F went around VBI and has it now. No payments now or ever to VBDG. Went directly to the source. This was my problem from the beginning. P2F going directly to all the suppliers. They had no need for VBDG. IMO, that's exacly what's happening.
They did advertise, Billy Mays, was playing all over before the deal with the Tool Band-It infomericial.
P2F had Tool Band-It in it's warehouse in August.
I hope to goodness there is some recovery in VBDG. I am just leary. IMO - RECOVERY? ARE YOU SERIOUS? CEO SUCCESSFULLY TOOK A COMPANY WITH POTENTIAL AND POINTED IT TO THE GRAVE. AND I SAY CEO BECAUSE THE JOB OF A CEO IS TO GUIDE A COMPANY. AND WE ALL KNOW SHE JUMPED SHIP BEFORE IT SUNK.
Did you know that Mark Miller's, Executive VP at P2F, prior job was Operations Consultant at VBDG? IMO - OF COURSE. HE CAME ON BOARD WHEN YET ANOTHER VP OF OPS WAS FIRED. SEEMS TO ME THERE WAS A LOT OF FIRING GOING ON.
Prior to that he had a long-term relationship with Nancy. Partner at one time in other ventures. They go way back. IMO - TRUE. OF COURSE. PROBABLY HARD TO FIND NEW COMPETENT TALENT WHO WOULD WORK UNDER HER CONDITIONS.
Looks to me like he became unemployed at some point. Nancy took care of him as a consultant. Perhaps he is now returning the favor to her. Anyway, as bad as I hope it is untrue, I smell a rat. IMO - IT SMELLED LIKE A RAT FOR A LONG LONG TIME. ASK THE RIGHT QUESTIONS AND YOU MAY NOT LIKE THE ANSWERS.
Mark took VBDG to P2F, IMO, and got employment for himself. IMO - YUP. WAS THIS DEAL THE BEST FOR THE CEO'S POCKETS OR FOR THE COMPANY? Now P2F has VBDG. Nancy is being taken care of. IMO - I BELIEVE IN KARMA. AND THE LAW. Back salary converted to debt, as an example.
Who are the three employees left there? You know? IMO - ORRIN AND CHRIS AND CEO IS STILL ON THE BOARD. CAN WE SAY - ARE YOU KIDDING?
There was a consultant there in August, as well as a lawyer consultant, working on all of this. The Consultant, Paul J. Le Blanc. specialty is "Transition and Exit Planning." IMO - CONNECTION WITH CEO's HUSBAND. WHO WAS LOOKING OUT FOR THE COMPANY? Looks like he earned his keep. The extra lawyer was helping him. IMO - LOTS OF LAWYERS FOR SUCH A SMALL COMPANY.
This is what I think: P2F will wind up with VBDG in total. Nancy will wind up with all moneys available. We have had it. I'm out $60,000+.
Let me be wrong---please!!! IMO - SORRY, CAN'T SAY THAT.
AND FYI. I AM AN INVESTOR WHO FEELS TOTALLY RIPPED OFF BY THE BOARD NOT TAKING CARE OF BUSINESS. THEY SHUT THEIR EYES AND LET THE CEO RUN RAMPANT FOR A LONG TIME. WHY WOULD THEY DO THAT? I THOUGHT A BOARD WAS SUPPOSED TO LOOK OUT FOR INVESTORS. LAW SUIT ANYONE?
IMO IMO IMO IMO
