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Wednesday, November 17, 2010 10:35:26 PM
There is NARY an allegation.....all FACTS.
Example: FACT: You most certainly wail on about how funds are and have been scarce and meting out *scarce* resources(CASH) is something management must do in a prudent manner... with some EXPENSES taking priority over others.
With this in mind.......here are some additional FACTS.(and ALL contained in MY previous post which YOU responded to)
JD AND GLENN TOOK FROM THE COMPANY roughly $390K in the form of LOANS. WAS/IS this prudent and should this have been a PRIORITY given the precarious financial condition of the company? YES or NO.
Would JD selling the land and BUILDINGS....resulting in an ANNUAL increase to the rent/lease expense of OVER $174,000 be considered wise?? YES or NO. Before you answer please take into account ANOTHER FACT: The amount paid in rent/lease since selling the land and buildings would have PAID off every single penny the company owed on the land and BUILDINGS....with well over $100k to SPARE.
When was Wilkes Holdings "HATCHED"?
The above FACTS are NOT allegations...they are FACTS. The above questions are just that....QUESTIONS.
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