I have a problem with people who excuse dishonesty and malpractice in business.
Some of you claim that Caldwell had no choice in doing what he did. Let me remind you that Caldwell would have lost his 92,500,000 shares had he decided for Chapter 11 . And let me remind you also that RABIN WAS THERE during that time.
I purchased many shares during the Caldwell years and many more before his death. At the time, I wasn't aware of the toxic financing and had I known, I would have never invested in a dishonest company. A public company is considered dishonest when it hides financial matters to its shareholders.
Rabin parachuted himself as the temporary CEO and CFO with the intentions of searching for candidates. We all know that never happened. As he is piling the millions of dollars, some of us are still admiring what he does.
ACT, the Company, was guilty of malpractice when I bought my shares and nothing you write here will change that.
