He rammed the "final victory lap" and "we're exploring options to sell the company" down shareholders throats, and most had no issue with those at the time either. No long time bullish shareholders displayed even a bit of concern that those were anything other than statements of impending future glory!
He then said "we'll have $30 million after bankruptcy" and almost all shareholders had no problem with that being rammed down shareholders throats, (showing the bankruptcy didn't result in shareholders learning any lessons about management, even then). Find me one post from a single formerly bullish shareholder saying "you know, that $30 million could be an unreasonably high estimate"! Just one!
So, I don't understand all these, "the new company stinks" comments by shareholders, because the old company stunk too, and yet as much as I tried, that message didn't get through, even after initial bankruptcy. It's a pink sheet, of course the new company stinks. And guess what, whatever pink sheet company IMSCQ sellers invest in next is also going to stink too!
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