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Re: None

Saturday, 11/02/2013 9:55:07 AM

Saturday, November 02, 2013 9:55:07 AM

Post# of 232853
If it's taken this long to "try" to turn the ship around, ask yourself if it can be turned around anytime soon or if LQMT has the $ to fight a legal battle unless some other entity is willing to go to bat for them.

Ask yourself why an exclusive arrangement was agreed to with VPC when it's common knowledge that second sourcing is standard practice in major industries (pre-requisite to securing significant business).

Maybe LQMT is taking the right steps in order, but to agree to an exclusive manufacturing agreement seems short sighted.

The excuse "we were in a precarious financial situation .... Not in a good negotiating position" could be used; but why form an agreement(s) that stands/stood to worsen ( not better) things.
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