What statements like these are predicated upon, is the notion that Schady has any sense at all.
Immaturity: "I'll show them who's not big enough" Okay big boy, you showed them that you could borrow money from loan sharks and dilute the investorship into oblivion. That clearly shows his ego was put before any responsible decision making. Do you honestly believe that will change in the future? And who, now, after showing how badly he can screw other people out of money because of his immaturity would finance him? Oh yes you keep talking about "when the financing comes through!!" But you fail to acknowledge that he was seeking traditional financing before and they told him no. THEN he went and screwed it up this bad, and now they will say yes? They told him no BEFORE he racked up all this debt. What bank are you thinking that will look at the past six months and say, "Oh yes! we would love for you to lose some of our money too! We were so tired of watching you lose money for all those investors that we want in on the fun!!"
Lack of foresight: One million dollar tax debt. Guess what big boy?! When you pay people, you must reserve taxes. I know fifteen year-olds that understand this concept and comply quarterly. It's not difficult, put the money in a reserve account for fulfilling your tax obligation and forget it is there. Or if you do use it and earmark future funds to replenish that account, DON'T SPEND THE MONEY UNTIL YOU HAVE PAID THAT DEBT! Oversights like this are not acceptable from a person in his position. But you must believe that part of his character will also magically change overnight.
Lack of business acumen: Here we go again big boy! Loan...Sharks....Are...Bad...'Mkay? "I underestimated the impact that..blah,blah,blah" You didn't underestimate anything. You purposely sold everyone down the river by not acknowledging what these people do and how they do it. And the minute that he is able to take out more financing, regardless of the fine print, he will. He will do this because of his immaturity and his penchant for putting his ego before sound business decision making. Oh right, though, he will change this behavior after 30 days, I keep forgetting that.
Lack of fortitude: He can't muster the courage to be honest and forthright with investors. He is hiding behind rules that do not apply to his particular situation at this particular time. He is fully permitted to continue to publish regularly released updates to shareholders. Yet he lies and says he is following the rules of the review. As if we can't find and read the rules for ourselves and see that he is using the review as an excuse to wait until he actually has something good to say before he opens his mouth. Look, just give us the facts. Don't wait until you think you can sugar coat enough to draw more investors in, just give us the information that you promised that you would. At a bare minimum he is -without a doubt- allowed to update the OS. When things are going bad, you see the true character come out. And this too will change and all of a sudden he will start to act like an adult? Ha! Laughable man!
AI
