Wednesday, August 25, 2010 12:56:42 PM
Dean is doing whatever he has to do in order to secure the funding.
The lender wanted to see a legitimate management team and BOD before he would approve the loan(s). So Dean brought on the CEO and CFO of Apex to fill out those positions as 90-day consultants.
This move would have to have been approved by legal counsel along with the PR. This might not have been done since we know that Dean is a maverick and doesn't always follow proper protocol. So the lawyers forced Dean to re-write the PR.
Also he could have failed with one lender and switched to another with different requirements. Hence the clarifying PR.
Or Dean being a power monger simply changed his mind and notified us using a clarifying PR instead of telling us the truth.
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