I am confident I did not say Dr. Amelio specifically is trying to raise funds for 5BARz.
As far as Dr. Amelio being able to raise funds for Barz, it's impossible to know how much control Dr. Amerlio has over those funds that group has. If anything I would think it's a good thing Dr. Amelio is involved in other M&A activities and that he has access to large investors.
Also, just because that one group bid for that company doesn't mean they can invest in 5BARZ and what I'm sure are completely different types of investments. Also, it's not like those are Dr. Amerlio's personal funds for him to do with as he wishes, it's probably a consortium of different, very large investors. I'm pretty sure it's not at his sole discretion as to what they can or can not invest in. Large investment entities have certain parameters of what they can invest in, industry specific goals etc. Anyway, the responsibility is obviously squarely on Bland's shoulders to raise funds for the company. I hope he is successful, and I do think he might be able to do it. Barz has the ingredients. He also took the responsibility on for failing to be able to raise funds to date, and how long it has taken. I like when a CEO calls himself out, and acknowledges he made a mistake. I hope it's a Mia Culpa.
Also, how do we know Dr, Amelio isn't involved in this current effort to raise funds by selling a portion of the router/data mining business? We don't know.
I don't think anyone knows enough to say exactly how much or how little Dr. Amelio is doing for 5Barz. But what we do know is that he is still active with the company and is still the Chairman of the Board. And he was on this recent conference call. And he has been involved in other M&A activities outside of Barz. Better to have him involved, than not involved. I think Dr. Amelio might have guided another company through tough times as well. At the very least I'm sure Barz and Bland have his guidance which is valuable.
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