I’m not implying that either Tom or Lugee attempted to screw anyone. They were/are doing what was/is the most important job at the time.
In Steipp’s time as CEO the company was always a year away from bankruptcy, so he had to find VC money at the best price possible. The better terms he got, the less the stock dilution. So for him, releasing news that was more hopeful than realistic was important to the company and to its stockholders.
Lugee is playing on an entirely different field. He doesn’t have to pitch to venture capitalists nor does he have to scramble to hook up with a certified contract manufacturer (because Lugee already is one.)
Steipp was not in Lugee’s league; but to his credit, Tom kept the company alive against good odds that it would fold. That doesn’t mean he was out to screw anyone. And I don’t see Lugee wanting to screw anyone either. So while I know you are one of the few intelligent posters on this board, I don’t understand your thinking on this matter.
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