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Monday, September 19, 2011 4:24:44 PM
Now that, imho, is undeniable commitment by the Spencers to ALL the stockholders of GOSY.
Happens all the time in small businesses like GOSY. The owner loans money to their company in bad times, postpones salary payments, and works very, very hard to become profitable so they can be paid back. They even live in modest 2 bedroom, single bath homes to not be a burden on the company's finances. Isn't that what the Spencers have done here?
How's that for motivation to sell lots and lots of robots and be profitable??
Most, if not all, small business owner/operators like GOSY's management understand that reality and the necessity to personally guarantee bank loans, car loans, credit cards, etc.
They sold their stock back to GOSY for only notes at par value. Their commitment is that great.
reality is reality-
WhisperingBomb
"Great minds discuss ideas.
......Average minds discuss events.
.........Small minds discuss people."
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