Same Question Asked Yet Again......!
Does anyone know of a single instance involving a statement made by Collorafi that hasn't been clouded in now ever increasing shades of grey? Has he ever told us the simple truth?
There is no question in my mind that Hobeau96 made the call and was told precisely what he conveyed. His credibility is impeccable. Collorafi's credibility has been consistently flawed to the point of being nonexistent in my opinion.
The bounced check / declined credit card (and yes, these are not good indicators of financial stability, they suggest exactly the opposite, and that's bad.... very very bad) is yet another pathetic example of what we're dealing with here.
The new building fiasco...which, like the preceding has now been revealed for what it was...more deliberate misinformation.
The production updates that never happened.
I'll stop right here without even addressing the big contracts, the share increase, the dilution, the promised transparency or anything else.
Let's just look at the man.
If what we can check on has turned out to be pretty much across the board untrue, then why should we accept anything that he says? These are just the things we now KNOW about, which suggests that there is even a body of information that we’re absolutely clueless about, which is quite ominous to my thinking.
He has failed at every turn to make the slightest attempt at earning the trust of the people who made this Company possible.
There is no reason for a "prudent man" to believe absolutely anything that Collorafi says, because his well earned reputation for less than honest presentation of facts has been established beyond a shadow of a doubt.
I don't care what his business problems are. Every start-up has business problems, and most center around cash flow, just that simple.
Before anyone goes the route of explaining how hard it is to start a new business etc etc etc, let me assure you that I have started a number of businesses and encountered every form of growing pain that can be encountered. Collorafi isn't dealing with an 18% prime rate, cattle not being brought to market (big big problem for a steak house chain) or hurricanes that destroy your manufacturing facility. Several of my companies are now multi billion dollar household names, several were acquired profitably for my shareholders and one was liquidated outright (the shareholders recouped their investment 100% through insurance proceeds).
Regardless of what degree of "end of the world" crisis was going on, know this: I never lied to or hid from a shareholder, not because there were laws about it, but because I brought a degree of personal integrity to what I did, just as Donald Trump did when he did his almost ruinous re-finance, just as Steve Jobs did when he rescued Apple from bankruptcy's door and just as just as Jack Rowe did at Aetna when it was losing a million bucks a day.
If you simply tell a shareholder what you're doing and deal with them honestly, you'll make a friend and an ally. If you treat them like Collorafi does, you plant the seeds of your own demise.
Collorafi....... TELL THE TRUTH…... (that is, if you can.......)
