I guess you can consider my theory stupid, but was George stupid a few years ago to raise capital the way he did and then after getting busted he made some outrageous claims?
Was George stupid when he issues a press release and says his engines are being shipped? They've never been shipped?
Is George stupid for making claims that his engines are going to change the way the entire automobile industry is going to switch to his engines?
Was George stupid for signing a financial agreement & arrangement with Dutchess that is basically a toxic deal.
Was he stupid for screwing shareholders just so he can make his salary?
Is he stupid for giving his son a high salary job?
I think labeling anyone stupid for an idea is stupid.
I think you need to do your due diligence and then realize that the CFO is a consultant, not a full time employee and therefore his investment in the company could be put in question. I am not suggesting it is illegal, I am not suggesting that the CFO did anything wrong, I am simply suggesting that the investment came at the same time they announced a capital raise and the capital raise terms are based on stock price and discount to stock price.
STUPID IS STUPID DOES
Forrest Gump was called stupid, he now runs the Bubba Gump Shrimp Company and has all the money in the world. He never made a bad investment and always looked at things from different angles.
