To all, if some of you would have spent half the time that Lou has trying to correct the multitude of issues at BDGR rather than just bitchin', maybe it all would be further along than it is. It's all about greed and money and that applies to all sides. When the stock has risen the whining drops, when the stock drops, the flood gates open. From my perspective, I wrote this investment off awhile ago, so anything that happens now is in my plus column.
I've read all the expert's opinions on what should be done and realize that some are well intentioned and some are the anger of revenge or some other agenda( and there have been many with this Peyton Place). I know the right people who could flick the switch at the SEC but that would be a pretty good guarentee that BDGR is a zero with no assurances that some of you would get your revenge with JL because with the SEC and lawyers nothing is black and white(I've been told this by a legal source). For me the best revenge is putting money back in my pocket.
There is probably very little debate on the fact that JL is a problem. I will not debate the reasons because most have not had enough information(accurate) to post and the reasons cloud the thinking in extracting a positive solution. The "extracting" ( I am not indicating the method) of JL is an easy answer, unfortunately the plan cannot be conceived as quickly to have any chance of success) Barry M. was exposed to this and Lou is now being exposed to the same.
From the beginning I believed that the company had potential in an industry that looked positive(even moreso now). From recent events, I believe that there may be many more assets than I originally thought. As a shareholder, I want those assets and I want them enhanced. I do not want them taken by pirates(venture capital) at a discount or by mismanagement( in whatever form).
I could rant and explain more at this time but I've wasted enough of mine and that is only a fraction of what Lou has put in. I have sent a letter to JL. He will receive it tomorrow(it has to be signed for). I may post the letter, I'm not sure. I believe it has legal consequences for JL to consider. I will not speculate, because too much of this has been done in the past.
Meanwhile, the Dow is down 200 and I haven't been short. Take care.
AI
