How about these two working together again? Was this venture a WIN WIN for insiders, or investors?
Mr. Ron Minsky, Vice President and Chief Operating Officer stated: "The appointment of Mr. Bill Schaefer to the presidency of PLFM is a positive development for our company; it marks the beginning of a reorganization effort to move our company forward. Mr. Schaefer's wealth of experience as President & CEO of a significant number of public companies, as well as his successful track record in the reorganization and recapitalization of public companies, will provide PLFM with the leadership experience necessary to successfully accomplish that task. Under Bill's leadership, we expect to undertake the development and exploitation of a number of exciting, new business opportunities."
Mr. Bill Schaefer, newly-appointed President & CEO stated: "My joining Platforms is the culmination of an undertaking that started several months ago, and the beginning of an exciting, new enterprise. I believe PLFM, its management, and its shareholders are the perfect business vehicle for a number of exciting business ventures and strategic partnerships which I believe can bring revenues and profitability to the company."