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Re: charhorse post# 4228

Friday, 07/25/2008 10:09:56 PM

Friday, July 25, 2008 10:09:56 PM

Post# of 6498
If this guy Scott thinks he can convince his shareholders that he was mislead in his aquisition of On The Go it must be because he thinks they are stupid.

This is a quote from his own man who was put in charge

Rasmussen was also named the new CEO of OTG.

"(OTG) was on the brink of bankruptcy," Rasmussen said. "There was a lot of pressure put on (Turk) and (the situation) had to do with a funding issue. We're now assuming all of their debt. When we looked at the balance sheets and we broke down all of the expenses, we felt the deal was an attractive one financially speaking because of the money we'll be bringing in to turn this into a net income situation," he added.

http://www.thestandard.com/news/2008/03/26/fts-group-acquires-otg-technologies

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