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Re: loanranger post# 236364

Wednesday, 07/31/2013 12:02:55 PM

Wednesday, July 31, 2013 12:02:55 PM

Post# of 312016
So if there is nothing to see/find why not allow the candidates access to see the processors and review the books and do other DD? Is there something in them that may expose expenditures that aren't legit?
One thing they'd do would be to interview management. Perhaps Mr. Rauber, Mr. Bo olin and Mr. Ingham felt they might not be able to supply answers they're expected to know as a CEO, CFO and COO after all, they were only at the plant a few hours a week.

What kind of DD do you think a director candidate does? This company has had a bunch of directors, none of whom appear have to have spent much time in a plant. Offices all look pretty much the same. A Google map view of 20 Iroquois paints a not so pretty picture and its free to anyone who cares to have a look.