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Wednesday, September 03, 2008 8:20:19 AM
I have maintained that due to Chas Fritz' involvement with USBusinessFinance , a company which provides capital to and seeks alternative financing for start-ups etc , that he knew exactly what they were doing , fully understood all of the ramifications and fine print , and simply took a roll of the dice gamble with shareholders' stakes in what was a publicly owned company.
If there was such a thing as corporate malfeasance in this matter and it ended up in a courtroom , one would be hard pressed to successfully argue ignorance or blindness , as the facts would clearly support well-educated knowledge.
No-lose dice throw:
If the dice came up "You Built the SuperCompany and they are coming" and the share price magically moved skyward or some big-name 'equity partner' actually bought in (lol) or one of the oft-mentioned '800 lb gorillas' bought the entire thing (lol) .... great , everybody wins.
If the dice came up "You knew better than that because there are no revenues to be had in the industry with our business 'model' anytime in the near future" .... that's great too since I'm cashing out millions and heading north before everybody else figures it out.
There were no 'bad decisions' IMO , there were simply risky gambles with our stakes in the company and planned rewards for the prime orchestrator.
Good morning by the way!
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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