Saturday, August 17, 2013 10:01:47 AM
I'm glad that people have now figured out who the "puppet master" was.
I appreciate John Wesson blowing the whistle on what was an intolerable situation with "leadership."
While I believe that Sherlock's comments have some merit, as a long-time shareholder, I am not nearly as spun up about the situation. Is it ideal? Of course not. But I doubt that there was much in the way of more attractive financing alternatives available to the company right now. If I am wrong about that, I would like for someone who really knows to spell them out the facts in detail. In addition, my impression is that leadership has taken a decided step up in the vitally important "integrity" category -- and now also has meaningful "skin in the game." I tend to place value in the views of real live shareholders. Others -- not so much.
It will be interesting to learn more about the Nevada federal court suit and who is really behind it. Notice I said who is really behind it. As I think Johnik pointed out earlier on this board, the allegation on behalf of the plaintiff is that a "breach of contract" results in a "federal question" giving rise to jurisdiction in U.S. district court. That demonstrates an utter and complete lack of understanding of federal court jurisdiction and I will leave it at that.
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