Friday, July 25, 2014 11:18:39 AM
So the argument that Berge sucks as a business man might be hard to defend. I guess I just look at it from the stand point of, what would I have to do in his shoes if things were not necessarily working out. No one could possibly be happy with the toxic financing deals but considering the financial climate the last 5 years I'm betting there were not a lot of alternatives. After the housing crisis, money lenders closed up tighter than a drum.
"Real" companies need cash flow so if no more funding from Asher and not enough revenue from current sales, then I guess selling shares is an option. Dammed if you do, dammed if you don't.
Like I said, I am not defending Berge's inability to bolster the health of BRGO stock and reward shareholders who have been there to finance the company. I just think the comparisons to the traditional scumbag, scammer, hang em from the nearest tree, pink stock CEO are a little unwaranted.
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