jjz34..I recall many times, when, as a managing partner of a various large real estate development project yet to be built, offers to be the first major tenant in a multi tenant spec office building project were tendered by the proposed Corporation or its broker but were rejected by us for a variety of reasons ranging from [1]rents being offered were to low,[2] terms of occupancy were unfavorable to the developer and [3] a variety of other reasons.
It is always painful to reject any reasonable offer to fund your operation BUT if the creator/developer strongly believes in his market awareness and his intellegence he has little choice but to wait for the perfect fit as the lead lender / customer will float to the top when the time is right.
Whether we each believe Brad or not is our individual choice but while we wait for money / customers / s/p appreciation and high-fives by most, I trust this man to know his industry and where he wants RIM to be positioned.
None of us have the advantage to know all that he knows and none of us will ever walk in his steps, make the difficult decisions he is charged with making or steer his vision to the bright future for all of us.
He comes from a fine family stock with plenty of pride. He has beautiful young boys and wife and also a very intelligent older brother all present to meet [but not hustle] us at the SIL viewing in Portland.
His family, who knows him the best, certainly trust his vision and the community Brad and RIM moved to seems to be the center of our industry.
For me it would be far far worse to realize that the entire world knows our Embarq specs and still they won't buy than to sit patiently now and have all the cards covered waiting for the whale to plop down the chips at our table and push the bid. We are playing table stakes poker and there is no second chance to launch Embarq.
All the bistanders watching his moves are only that!
Brad is the player not us!
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