Friday, March 06, 2015 2:42:31 PM
STS was bought out by EVRM - it is a WHOLLY OWNED SUBSIDIARY. RW sold out his company and took a lesser position under JS. The company now belongs to us the shareholders of EVRM - not RW
Nobody has still given me an outcome in which RW wins the case - it doesn't make any sense whatsoever. Not to mention the fact RW has been sued plenty of times before - for finance issues no less.
People are replaceable dude - RW isn't the only person able to gain contracts or have certain status'
And EVRM is not just about an iris scanner - in fact most of their business is in other related fields with the software, networks, and IT... The implementation was their second phase of their plans from years ago. Just because they haven't got to that phase of their plans yet doesn't mean it is a failing business. They have and still are creating revenues through phase 1 - and have holding on through some tough times - so there's only room to improve going forward.
The past means nothing here... some of us invested much later than 8 years ago - and thus have very different expectations. Some of us were not involved when this was SEVM and frankly don't give a darn because EVRM is a totally different company and aside from a lack of communication from the company - which is likely not their fault - you can't really disclose sensitive info.) - they have done a fairly good job running it since I've gotten in.
I already explained very clearly the 80-100M valuation - and they were spot on.
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