Nice to see that some people are posting with a lot of information behind them. You're quite right about everything, johnstockmaster, there are only a couple of little comments that I'd like to add:
First, Rajiv and Claude didn't do everything wrong, I've just said that bottom line, the company has never been fully reported and Claude was in charge of this. Is it his fault, is it other's fault, we will never know and I don't really care. I'm not looking for the guilty person in there, I'm looking for solutions.
Rajiv, as the president should have taken care of that issue. That's it. As you said, we owe Spectrum to Rajiv and there were some good things done. The only problem for them is that the major shareholders weren't too happy about them and the situation.
For the toxic financings, I'd just want to say that it's not only Cynthia's fault. Everyone was involved and accepted it. But you know, when a company is in that situation, there are always people all around to take advantage of the situation. The company wasn't current, that's the only people who were willing to make a check.
And finally, where did you get this 4Mio from Intas, the number I have in mind is more 1.2 than 4. They have put 200K a year before and Beausoleil, the former president, had made a deal with them for another million in 2008, I believe. I've never heard about Intas having put any other kind of money in the company.
Anyway, great post, johnstockmaster. Nice to read informed people.
