Repro Med Systems Inc (REPR)

[mrholty]

I agree with much of what you wrote on this being an expensive and probably distracting endeavor. I also understand why current management wants to do this. Using the corporate shell they probably have deeper pockets than Andy directly and will use time and $ to try and force a settlement.

I get the playbook and when you are a small company its really easy for an audit staff to come in and review the books and find discrepancies or potential issues.

Common ones include stuff like Country Club Memberships, parts of travel, etc. For Selfon he viewed this company as his baby and probably charged some personal items to the business. He also probably worked more than anyone else and didn't charge some stuff to the company since he viewed it as his business. Every small business owner that I know operates this way and REPR is a small business.

I didn't love Selfon as CEO but I'm unimpressed that the current mgmt team is airing this dirty laundry so publicly.