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Re: Bigspender post# 101596

Wednesday, 11/23/2016 6:47:24 AM

Wednesday, November 23, 2016 6:47:24 AM

Post# of 232996
I think he was very well aware this could happen. I think he also has a lot of faith Lugee can get it all done. And the "Why?" of it is because I'm sure Visser could have come up with the dollars for the 63 mill, but Steipp didn't trust Visser's ability to execute, along with he didn't trust Visser to give up ANY, let alone 3, Board seats that would have pushed Steipp out, as this did.

I don't think he wanted to leave, but I also highly doubt he's surprised. Now he can sit back and watch his share value grow as Lugee does all the heavy lifting to turn Lugee's 63 mill into a ridiculous number, as Steipp is now resigned to just being another shareholder along for the ride.
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