Friday, May 15, 2009 2:21:33 PM
The market is not going to believe that the Lee's and HanKool have the money until it is put up in an escrow account that the public can see. Jared and Mark now have a very difficult job to convince the shareholders and market. I wish them the best of luck and they are going to need a lot of it. Even if Jared comes back with new contracts I doubt the market place is going to believe it until they ship the product and is shown in audited financials. Sorry but that is how the game will be played now and no other way. I seriously doubt a Fortune 500 will now get involved with this company with the possible ligation liability they might encounter now. Big companies draw big lawsuits. So if the company is sold it will be the first offer from the Koreans and they are going to buy it for a song. We will not get much out of the deal. The 10 cents somehow will be less after they have taken control of the company shares. I worked in the auto industry selling for the Japanese and you should have heard what the suppliers would say about the Korean suppliers and how they conducted business. I will just leave it at that.
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