After perusing the Management's Discussion of the 10Q and the posts here, we can see that the common sense applied during the quarter and in past 45 days (and knepperbob's relevation yesterday) by several of the more open-minded posters makes sense. We all know what is going on here, or can make an educated guess that the shenanigans include some scheme that is not yet apparent.
My only addition to the comments I read today and perhaps vegas and some on RB (have not had time to read it yet today) have already mentioned it is:
Why did the shareholders not hear of the production shutdown until June 21, 2001?
We know the answer, and that is why we argue with those who even today say they trust TG and say he is doing his best effort to bring the product to market.
In my book it is unacceptable to issue PRs stating agreements (authorizations) made and product will be in stores in x days when they know production was offline. At least last year they were just pie in the sky dreams that were not financed or production agreement was not in place yet to follow through on promises. Did I miss the PR last quarter stating production from the only manufacturer and financier is offline?
I did see a post here that I believe either Madeline Franco or an Albertsons employee stated there was an Albetson's ordering mishap. Hmm, maybe so, but this would have been the bigger news. 600K to 40K revenues - right back to last year.
As GeorgiaBard stated it is a matter of rhetoric and I almost, no I actually did, chuckle as I read the paragraph(s) attempting to put entire blame on quality control problem at Lyons. It may be true, but I cant help but feel it necessary to wait for more evidence to backup those statements.
IMO Lyons must be wondering what they got themselves into recently. I know less about Lyons than AVBC, but I would expect that with this filing and questions by thier people, they would make some statement as to the charges that they screwed up. I recall that they are not public, so perhaps we remain in a vacuum.
Either way, I will find it curious who puts the voluntary disclosure of strong buy on this one now.
I felt a twinge of pain, as I am sure all here did when reading about the production stop, you know, tough break, dont beat a guy while he is down, but I cant feel sorry for TG because I did not know about it months ago when it happened and I am not convinced it was out of his hands. What has he done since then other than put in a claim? What can he do?
Credibility is paramount.
But a sucker is born every minute.
I have nothing further to add, it all seems to be living up to my expectations.
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