Thursday, September 11, 2008 5:24:36 PM
As for the change on the insiders, I sensed a gradual shift in MG going back to 2007. I do not have any exact recollectins of his communications with me by e-mail, but I do have these historical sense that his pessimism was acquired bit by bit as things happened. That is no different than what we are seeing nowadays with some of the posters here. Several of them, who are one time were very bullish, are becoming bearish. Developments or lack thereof are what cause these changes in perception.
I do not thing BH cares what any of us says. I am certain he was born with a thick skin that has only grown thicker with the years. I do believe that he would prefer for this company to be a huge success that an abject failure, but he is going to play the game the best way he knows how to provide for himself and his family, and to hell with the stockholders if it doesn't work out to their advantage. I suspect that he is not willing to let go on the reins because if he does his gravy train will come to an end. Certainly if the company were successful with someone else in charge it would be better than what it is now. But he has no confidence that someone else could make it work, so it is better for him to continue in the certain course rather than let somebody else run the show. He would rather have the crumbs that RLTR and ICTN now produce than to risk having nothing if he lets go of the reins. And while he continues in the current path, he hopes to trip over the pot full of gold.
I do not thing BH cares what any of us says. I am certain he was born with a thick skin that has only grown thicker with the years. I do believe that he would prefer for this company to be a huge success that an abject failure, but he is going to play the game the best way he knows how to provide for himself and his family, and to hell with the stockholders if it doesn't work out to their advantage. I suspect that he is not willing to let go on the reins because if he does his gravy train will come to an end. Certainly if the company were successful with someone else in charge it would be better than what it is now. But he has no confidence that someone else could make it work, so it is better for him to continue in the certain course rather than let somebody else run the show. He would rather have the crumbs that RLTR and ICTN now produce than to risk having nothing if he lets go of the reins. And while he continues in the current path, he hopes to trip over the pot full of gold.
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