Well it appears to me that we have two options here.
Option 1 is to believe that the company has been poorly managed for too long and this last financing decision was just another example of a industry changing company with a track towards industry domination and incredible revenues run into the ground by an incompetent CEO. I've seen this happen first hand. Different industry, same story. I can't discount BBW's perspective, as it is a real possibility. Anyone that denies that doesn't want to deal in reality. And don't bring up 'agendas' as a defense, we all have one.
Option 2 is to believe in the team that is working behind the scenes. The complete lack of communication makes this a really tough sell to an objective investor. Even so, I'm taking this approach. It may be naive (well researched, but naive), but I find it hard to believe that Hershman, et al., would orchestrate a deal doomed to fail. As bad as it may look from the outside, I have to believe that there's more going on with the YA deal than we're privy to. We get past this and all of the other positives come into play. That's the GAMBLE that I'm making.
That being said, if I lose my investment here they're not going to come and take my house... so it's not as big a risk as I'm sure some of you may be taking. Would it hurt? Yes, but mostly my pride. Good luck to all -- Uncle Rico
