LOOK HERE! Through a highly confidential source, I have managed to get ahold of the draft of Rufus' resignation/farewell speech.. at least that is what it appears to be. You be the judge.
This is the 7th time I have spoken to you from the office in my basement, where so many decisions have been made that shaped the history of this Corporation. Each time, at the appropriate time, I have done so to discuss, at great length, with you some matter that I believe affected the Corporation’s interest.
In all the decisions I have made in my public life, I have always tried to do what was best for the shareholders. Throughout the long and difficult period of Bondgate, I have felt it was my duty to preserve, to make every possible effort to complete the term of office I selected.
In the past few days, however, it has become evident to me that I no longer have a strong enough support base in the Board to justify continuing that effort. As long as they is such a base, I felt strongly that it was necessary to see the bond verification process through to its conclusion, that to do otherwise would be unfaithful to the spirit of that deliberately difficult process and a dangerously destabilizing precedent for the future.
But with the disappearance of that base, I now believe that the purpose has been served, and it would be better to reframe from prolonging the process any futher.
I would have preferred to carry through to the finish whatever the personal agony it would have brung, and my family unuminously urged me to do so. But the interest of the shareholders must always come before any personal considerments.
From the discussions I have had with the Board and my attorney, I have concluded that because of the Bondgate matter I might not have the support of the Board that I would consider necessary to back the very difficult decisions and carry out the duties of this office in the way the interest of the shareholders would require.
I have never been a quitter. To leave office before my term is completed is abhorrent to every instinct in my body. But as CEO, I must put the interest of CSHD first. CSHD shareholders need a full-time CEO and a full-time Board, particularly at this time with problems we face at home and in the festering pool of fraud.
To continue to fight through the months ahead for my personal vindication would almost totally absorb the time and attention of both the CEO and the Board in a period when our entire focus should be on the great issues of naked short selling and moon colonization without constant bashing from our-street.com and others.
Therefore, I have resigned as CEO effective at 3 AM last night. Ben, Mike and Sabra will figger out who will be sworn in as CEO next.
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