Thursday, February 12, 2015 5:09:56 PM
First off, please do not use a straw man argument comparing other pink sheets
I qualified my comment that you need to do what it takes to keep the doors open, that is recognition that I am aware of what it takes to keep a business afloat (a positive thing).
If you refer to a previous post of mine regarding this exact same scenario, you'll note that in lieu of the continuation of the 20% loan interest payments, HP was given exclusive dealing in merchant services and also 1 million shares of stock. My assumption was that this was a cash flow decision on the part of Ron (do what's necessary), but there was an additional 1M shares diluting everyone at the time. These scenarios do not look good when they come I'm multiples- that was my point.
I do not pick out 1 specific thing and try and armchair QB the decisions of how the company has been run for the past few years-my opinion is based on continued decisions (short term) that fly in the face of how ell run companies operate.
Remember, one of my suggestions was to "surround" Ron with a qualified Board and good teammates which included a credible COO. I did not suggest that Ron be removed from the position as CEO or fired- did I?
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