Absolutely Carp,
I'm not going to refute that. Facts are facts...
So...for grins and giggles I switched gears and looked it from another point of view that has been arising...
I wanted to see the coorelation or if there was a relation to this Galo/Hayter issue that has been looming around ever so often on this board. Yes, I know...here we go again...but I had to check it out myself...sorry...lol..
So, I spent approximately a few hours researching this Galo/Ed Hayter bridge and I haven't found much to find the "associated" accusations that some claim it to be. The only transaction I could find was the sale/purchase of Sanibel Palms restaurant. Which was either sold, not sold or closed up due to a remaining tax issue. But, in the end, Galo got out of the mess, which could've been a fiasco way before Galo had first purchased this establishment from IABC. Mr. Hayter along with the many changes in CEO's, it seems, certainly did leave a path of destruction for its shareholders and I can understand their resentments! So, Galo comes into the picture and buys Sanibel Palms restaurant from Hayter- They don't have to particularly know each other, in order for this transaction to happen? For all unintentional purposes, it could of been "Jim Brown" selling to "John Smith". If it was a remote closing between two attorney's representing each agreeing parties, (seller/purchaser) they would not have to meet face to face for the deal to be lawfully binding... So...IABC (Hayter) with a couple of Motels in Memphis Tenn., Alabama, TX (I'm sure I missed a couple of states) a few restaunts, and a golf course is eventually bought out, forgot the name... but my point is: Hayter did not have the financial powerhouse backing to support the business. So, he relied on the stock, or so it seems to attempt stock price appreciation through very "colorful" pr's.
BIHC is completely doing the opposite of what this Hayter guy did. Though I think he does not look at a blueprint schematic and see what NOT TO DO from Hayter, Galo and Ingala has the backing of a well established bank first of all. Hayter didn't.. BIHC has (Valley), and as Hayter had to rely on funding from potential profits though new acquistions, BIHC on the other hand has already well established clients...McDonalds, Pepsi, Viacom, and TAKK systems...etc.
Hayter looked like he was dumping shares back in mid 06, (tens of millions) per day, and I don't see that here? As far as I can see. The management style and PR's announcing are very different in factual evidence. I can be proven wrong, but as I see we're talking about two VERY Different people, with very DIFFERENT management styles.
T.
