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Yep, it certainly was blatant

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spec machine   Friday, 05/04/18 10:07:23 AM
Re: Fred Kadiddlehopper post# 107239
Post # of 107286 
Yep, it certainly was blatant

and not like there isn't a whole series of excursions outside their stated business that literally sucked the life out of the business and cratered the stock

BoyRon still had plenty of time for fishing apparently



there's the fruits of "spending restraint"

between the $400-500k on the 32' Donzi and the wasted money spent on developing StaySys/StaPut/whatever and "testing" for a product that they will never sell a single unit... that's gotta be a few $M

BTW, the first StaySys yacht was lost in the repo on the collapse of SSI back when the Smith, Butlar, Chamberlain trio were sued (and lost) for defaulting on loans related to the attempted acquisition of Ship&Sail by DDI

so there is another $M or more

no skin off their ass though, IIRC the judgement was $500k each and I doubt they will ever pay

can you say trail of breadcrumbs?? With these guys it was a trail of entire loaves

SEC sure didn't do their job on this one, IMO

A sharp attorney could skewer these guys without a doubt

spec

- Foglifter -

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