That "Dirt Swept Under the carpet" article nailed it.
I would have added jealousy and bad blood. If Graffiti Entertainment had merged with Speed Commerce a year and a half ago when we were $3.00 it could have been a beautiful thing. It's bad blood plain and simple that has led to this. Ken Hurley could have managed a division and pumped out games to maintain a small revenue stream as we changed our business model to E-Commerce. After we evidenced real positive growth, we could have sold off Ken's Division and recycled Ken to other projects, he's extremely flexible.
SPDC could have given Graffiti shareholders some Preffered Stock restricted for two years. The money spent on senseless litigation could have better gone to pay down needless debt. I can't believe people can be so stupid.
What should they do now? Shareholders would have tolerated a Speed Commerce R/S when we were 25 cents a share but now it's headed to a dime. Stupid is as Stupid does. GLTA
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