InvestorsHub Logo

sav79

03/20/20 4:20 PM

#1978 RE: ignatiusrielly35 #1977

Sooooo, yeah, it's not short sellers? Sure about that, because that has been your go to for some time now.

Reality is the business model, regardless of the virus, was an absolute loser. This was NEVER going to succeed, period, as it was never meant to be anything more than a scheme to enrich insiders.

pedro12

03/20/20 5:07 PM

#1979 RE: ignatiusrielly35 #1977

The virus has nothing to do with it. The company was in deep trouble far before that. Short selling did happen but it didn't drive the company to the ground. Management did. The company would have survived if Horvath didn't outrageously burn an obscene amount of cash on a model that didn't even prove itself. The man was incinerating cash so stupidly on foolish acquisations and non sense deals. Gross, gross, gross mismanagement.

pedro12

03/20/20 5:15 PM

#1980 RE: ignatiusrielly35 #1977

He's gone. He got his bonus and fat salary and God knows what else in severance pay. And because of his mistakes we, us, got nothing. Stop making excuses for this team deplorable managing skills. Supposedly creme de la creme managers, my ass.

JohnCM

03/20/20 11:36 PM

#1981 RE: ignatiusrielly35 #1977

We are having a slight problem with the chart here ...