To the shareholders of BDGR.
I have been obviously absent from this board for some time as I am not sure this is a suitable venue for the flow of information from myself to shareholders. However, in the light of recent events I feel obligated to present some facts.
Firstly, I did not vote for Joe to get any shares! That is a lie.
And a phone call to Tom Neely got an odd responce, "I know nothing about Joe getting 56 mil. shares or 30 plus mil to others". BTW, the shares are dated, Oct. 31st.
Upabuck said that many CEO's get great packages on departure even if they didn't do a good job. That is correct, but the one's from enron got jail time instead. We are not talking about a failure to enrich the shareholders. We are talking about joe enriching himself and family at our expence. Outrigtht fraud and theft.
Someone also mentioned 30 mil. in funding Joe blew in 2006. That funding package was put in place by Peter Lau. When Joe couldn't produce an audit for that funding, Mr. Mcfarlin was brought in to help. When Barry found out the pilfering Joe had done, it was found that the company could never be audited.
But then another white night came to rescue, an accociate of Peters offered to put up 750,000 to buy a shell to put the company in and merge it with two others, and we would be on the Amex. But Joe blew that too. He couldn't give up his money tree.
Should this deal go through, maybe. It might be good for the stock and the shareholders. It is too early to tell yet. Is anything better than Joe, yes! At the moment we will see what happens.
But for people like Nassie and a retired school teacher that I talked with that lost what would have been a help to her retirement. I will chase Joe until his dying days or until he makes restitution.
Lou
