Too sensitive I guess
Posted by: INET6
In reply to: lmorovan who wrote msg# 6535 Date:1/4/2006 10:24:16 AM
Post #of 6543
Imorovan: Where do you get the idea that MP knew he didn't have what it takes to run a company.
He said they were new at it , but that is not inadequacy.
You, I, nor anyone of us have a single clue as to what it would have taken to move things any better than they did.How can anyone say that he admiitedly wasted time. He was CEO ,not the experts that had to develop the technology.
Of course as CEO he could have written all kinds of BS Pr's and boosted the share price, after the stock started trading. Very few of us really wanted that,we wanted a viable company.
What skilled CEO would have taken on the position that MP was in with the reputation they were living down, with no proven product. Can you actually believe someone of Griffin's caliber would take on that problem at that time.
IMO it did not take (five years, as you call it) for MP to swallow his stubborn ambition. it took that time for him to build up a dream dud into something showing success ,enabling him to pridefully back away from. Now he can turn it over to the proper person knowing he has brought it as far as his nursing can bring it.
When are you going to stop cursing the people that saved our investment. Loch was dead and getting deader. Malcolm and Co stepped in and offered a potential solution. Almost no one objected,not even the courts.
The only way the company could get off the ground,and start finalizing a product was to acquire financing. No bank or financial institution would be foolish enough to invest in such a farce(at that Time). The only monies to carry this company forward came from private investors. Private investors (if they have any sense)invest to make money. I'm sure all of them didn't intend to hang around forever,till this company eventually made it.Some sold,that is the name of the game. TO be honest with you I wish I could have been one of them, but I would probably still be hanging on. None the less that is investing,and not rape as you make it sound.
It blows my mind that even after that e mail to ?whoever? when Mp explained his guidance on this project,you as a confessed Christian,can doubt his sincerity. To my knowledge no one, but you, ever questioned his religious leanings,why would he feel compelled to write that to someone of whom he probably wasn't even sure of his leanings.
As it turned out that was his so-long message, and all you could say was "Sure blame God not me". Disgusting to say the least.
As for Griffin, as I recall there was no time table for purchasing those additional shares, the price was locked in . they had an aggreement and monies advanced from Baxe in the works,and maybe sales advances that we have'nt heard about yet. So now there was no immediate financiaal crisis.
By the same token you question Griffin' loyalty to shareholders ,yet earlier in your post you wanted MP to turn the company over to a stranger and would have accepted his loyalty, or did you have someone specific in mind, whether qualified or not.
