Friday, September 03, 2021 11:47:05 PM
Yes you should focus on who the dysfunctional people were, or I should say who the criminals were.
I was the author of many of those "nasty" letters. I chose to call them out with "nasty" letters, not defend their incompetence.
It is laughable that one would be blaming a disgruntled shareholder for the demise of the company. Evidently
Pignitz and Hirsch could do no wrong. How many times were we told to "rely on what is reported in official company filings"
Pignitz was the CEO and Hirsch was the Chairman when the DGF loan agreement was negotiated. Pignitz didn't have to put Baruch on leave. Already knowing the allegations against Dr. Baruch, all they needed to do was to acknowledge this upfront and exclude him as a possible trigger in the loan agreement. Notwithstanding this, why were Pignitz and Hirsch Being defended right up until the end? They should have been crucified for their incompetence.
The major contributor to the funding problem was none other than Pignitz. In retrospect once he got his hands on that $5 million dollars he didn't give a shit about any triggering events or furthering the interests of the company. If it involved parting with any money it wasn't going to happen.
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