InvestorsHub Logo
icon url

21ZNA9

11/16/15 9:43 AM

#158433 RE: Midwestrader #158430

Vakser FINALLY cannot con new shareholders. No go Eddie!
icon url

dukeb

11/16/15 10:01 AM

#158436 RE: Midwestrader #158430

Actually Kent may not be stuck.

As I pointed out (based on some information provided by an Open House attendee) the true value of ORT (assuming there is such a thing) is the software/IP that is the basis of the enrollment/billing system and the people who know how to run it.

If Kent was smart enough to retain all of these assets separate from whatever he may (or may not) have merged into TDEY then he can just take the software and his people, form a new Company and leave TDEY shareholders with nothing but some flea market furniture.

If we are to believe the latest version of the financials, ORT doesn't even have any employees: only "management fees" appear on the Income Statement. So consider that Kent has his own Company (registered properly in Texas) that owns the software and employs all those nice people we saw in the Open House photos (not the duck).

Kent can go to his pals at AFLAC, Lucent, etc. and ask them to engage his new entity. Nothing in those old contracts even hints at any sort of exclusivity.

Maybe I'm giving Kent-o too much credit. But if he indeed knew of Messrs. Vakser and Petty then he might have taken some precautions.