Following are good examples, from another set of quotes elsewhere, of how management found it so easy to scam the shareholders:
*) " it should not be very difficult to obtain a few million here and there to keep the company afloat."
Yup, that's what they did. It all came from shareholders. Now the shareholders are diluted to the lowest levels and they can't get the money from them anymore.
*) "There is a tremendous amount of capital available in the security space right now."
Not for companies with dramatically declining revenue and a product that apparently doesn't work.
*) " downsize the company further and eliminate our sales force completely."
Why not just cut it down to the 3 person CEO-office and give them a bigger bonus.
*) "What about just licensing our products and tech to integrators and larger security companies who have the budget, experienced sales force and contacts to make many sales, big and small.
Haven't they been doing this for years? Haven't people bragged about the "gorillas" of the industry working with the company and massive KABOOMS? Haven't those of us who were looking for revenue been told we "just don't get it" among other insults?
*) "Reduce our margins but greatly increase our volume. "
Hint: 50% of nothing is the same as 90% of nothing.
*) "Meanwhile we keep focus on improving our security tech and leadership."
Talk about a whopper of a tale. Product sales say the tech stinks. Leadership? That must be a joke. Anyone who projects that the company is a leader in anything except diluting shareholders must have a stake in benefiting from the dilution.
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