I am not an apologist for MS,and I cant speak for Sleep, but in rereading the email, I dont really see anything wrong with it. Obviously he could not disclose the BK, that would be insider information, remember, the wolves were at the door, perhaps MS believes that Ch 11 is the only hope to retain any shareholder value and therefore it is indeed "in the best interests of the shareholders" The word "emerge" is telling in hindsight, and he did hedge with "from my perspective" Just my opinion but I can't really find any fault with it.
James, you are a good man. I feel strengthened in my role here at Copper King. Your prayers do make a difference. I am trying to do my very best in representing the company and the best interests of the shareholders. We have some challenging and difficult times ahead but from my perspective, we will emerge strong and successful. Keep your head up, I do!
