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Tuesday, September 16, 2008 12:20:16 AM
There is another type of CEO, who by default sits back and takes all the credit for the work of others who proceeded them.
NEOM shareholders have experienced the results of all three types of CEOs.
IMO, Chip did his job and he did a damn good job in putting the system together, for the current CEO to pitch this company for sale! The only reprieve, we shareholders received, was the unresolved patent issue, resulting in a stay of execution.
If we are to receive another reprieve, we must be headed on up Krays charts, by the time the patent issues are resolved. I am not certain that a constant climb of the pps will even save us.
In case none of you have noticed or considered the fall out of this economy like: (1)have you heard which institution filed bankruptcy today, and (2) that Myrill Lynch was taken over today, and (3) we all now own Fannie and Freddie, which we US citizens can not afford, well maybe China, by default, may own Fannie and Freddie - not US citisens.
Point being, if YA can make a substantial profit, our stay of execution will expire based on a substantial profit to be made by YA on the sale compared to the profit to be made by holding.
For the most part, I believe Chip finished his business. I believe that he probably would have enjoyed hanging around a little longer watching all the pieces fall into place, but he can still watch, without any contact with us, and won't suffer the guilt to shareholders if NEOM is sold for 200 Mil or more.
IMO, the current CEO was hired to take credit for that, as we may be good to go for that sale without the final outcome of the patents, as that may be just the icing on the cake for the buyer.
OH, does anyone know who has or had more money/capital/capital assets, M. Lynch of YA? Freddie and Fannie or YA? Bear Sterns of YA? Do any of you believe that YA is not under water as is the whole financial market place?
Flip a coin. Will the current CEO sell or hold for a profit. I think the answer is in, how close to marketing for a profit is NEOM's unique projects.
Anyway, IMO, the current CEO, is there to take credit for all of Chip's hard work in putting the system together.
Hey, TVDirector, do you want to restate this?
Beam11
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