Replies to post #74309 on QSGI, Inc.(fka QSGI)

[jaxstraw]

Who knows. Sherman has never been shy about using shareholder money to fund his defense, or act as a plaintiff multiple times in the past.....he could care less because ultimately it is shareholders who end up paying for it.

And this time.not be eligible for D&O reimbursement if found in violation.

What a champ.

Not for nothing but since the ex CFO Cummings settled based on the same charges ,and took a five year officer bar ,it is pretty easy to see the outcome.

Cummings not fighting is going to sink Sherman.

And you can bet the farm Meynarez saw the writing on the wall. Sherman is going to draw at least a 5 year officer bar.

The stigma for a public company speaks volumes.

[Vish2]

Case cannot not be one sided and before passing on judgement, system listens to both parties arguments and passes orders , don't be fooled by any other judgements.

Bright side can be company operating in tough times and increasing manpower/providing employment to more directly/indirectly -- these shall be backed up by financials and one needs to see when they can finish paper work...

Issues of Sherman is separate issue (if at all) , as a shareholders one needs to look at progress of company which might increase shareholder value in last 4 years , if it reflects in revenues..