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AthleticsFan

04/21/15 6:00 PM

#128470 RE: Tom489 #128467

Somebody who gets it! I don't even waste my time arguing on this board because posters are going to believe what they want and post what ever they want. Covey never swindled money from any of the MTVX investors...last year around this time the company was at the brink of bankruptcy and made a bad decision to go with toxic lending because there was no other choice, even schissler said this in a share holder conference call around May 2nd last year. The money loaned has kept MTVX alive even to the point of where they could buy out motopeds who also was a victim of blowing up prematurely. IMHO, buying out motopeds was genius because now they have a revenue generator all year around and not just in the 4th quarter like prior products. We were robbed by toxic lenders, people give covey too much credit. He may have made some bone head decisions but he's not a criminal, anyone can twist words and take a prior business failure out of context to make him seem like a thief. I'm not a fan of covey but he has not wronged the share holders here, he went the only route that would allow the company to obtain a loan in the desperate state that they were in. Toxic lending is what destroyed us, not the company selling shares or covey running off with our money.
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FUBAR

04/21/15 6:13 PM

#128474 RE: Tom489 #128467

Illegal no, unethical yes in my mind. I'm not necessarily talking about projections.