You need to read my whole message in context...not just pull out a piece of it. Bottom line is that SCMI did what they had to do to keep the doors open and survive until real revenue stared coming in. You or I may have a bad taste in our mouths from what had to happen, but the alternative was very likely a 100% loss on the stock as SCMI/MediaMax may not exist otherwise.
Take your pick.... 100% loss and no innovation vs equity based financing to finance innovation. Such is the way of emerging growth. The lack of a large nest egg to create this new business may have been a blessing as far as keeping costs down and keeping focused on survival......the downside was bandaid after bandaid to keep the company afloat...even some stuff that was so distastefull, SCMI can not become a fully reporting company.
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