What shocked me is how the board in general stepped up DD after the fact, I was hoping a lot of smart people good at DD had looked harder before.
DD is not easy.
Petar (the no-nonsense professional as described by Steve and himself) ran things beautifully if a scam. Stated when he came on board essentially that DD was not in anybody's interest.
There's been a ton of DD lately, however some of it is stuff we were posting in the fall of 2005.
I first became very suspicious when Ammerman announced the JV with Consultech and found that he'd registered the consultech domain under Loftwerks months before the JV. Then finding Petar had formed Consultech in 2002 and that he was partners with Devries at Kore...that clinched it for me.
Sure the retail outlets are for real, but do they justify a market cap of even $15 million? I'm not so sure. Financials will tell that story.
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