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Friday, October 16, 2009 10:53:45 AM
'Trueheart'
What sin and what lie?
I doubt you understand what my post was about. Didn't I mention that Mr.Petty promised not to dilute existing float? Only my personnel explanation for his broken promise(that may be wrong) was that it might have been done with advice of GDR. It is b/c that Mr.Petty justified his action later on by saying that he opted for equity financing as against to the debt financing. Since it was stated by then already that GDR will work as Financial/funding consultant/adviser, it was my take that selling the shares was done under the advice of GDR. What is lie in that? May be you were having hang over at the time of reading my post.
Equity financing has saved this company from bankruptcy but as a result made many investors bankrupt in the process. Does this mean this advice of GDR has saved the ship though many sailors are already dead? BY doing that one can hope,the ship can still sail one day in favorable circumstances. That way the existing weak, exsausted and laggard/sick sailors (investors) might arrive on the promised land. It may look like a fiction but this type of advice could only come from some one who knows how to survive the troubled times. JMHO
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