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Tuesday, November 23, 2010 10:54:54 PM
You purport that JB purposefully raised the share price on the open market via his "Public Market Strategy", with the best intentions of generating interest in another PP at a decent price... in order to use the proceeds to make the company successful, ALL THE WHILE BELIEVING HE WOULD DELIVER AND THE PPS WOULD BE MAINTAINED.
In other words, he was prepared to do whatever he had to do to get the stock price in order to finance success. In your view, that is OK.
AM I CORRECT?
This is bass ackwards to what most observers would think logical, ie., execute, generate earnings to get the stock price up.. THEN do a PP to expand...
However, it has been done before. Frank Dunn cooked the books for Nortel in 2004 in order to get the stock price up, so he could get more favorable debt terms and refinance the company. His predecessor, John Roth, just pumped the stock price up so he could buy all these internet companies for God knows why and feed his huge ego.
also, he bought alot of antique cars, which he happily enjoys in retirement now..
************** Nortel is Bankrupt *****************
Do I more or less have it? The end justifies the means kind of thing?
BECAUSE AT THE END OF THE DAY.. WE HAVE TO ASK OURSELVES.. WHAT THE HECK WILL JB GET OUT OF THIS EXCEPT A JAIL TERM? THEN WHY, WHY, WHY.. I don't know myself.
IS HE A NARCISSIST? (you would have to be..) LOL..
AND WHY, WHY, WHY DID HE DO THAT RESTATEMENT... SIGH..
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