To be fair, it was Berge who said toxic borrowing would be unnecessary. Some people (myself included, for a minute), just believed him or, as in my case, believed the numbers bore this statement out & that Berge was an honest actor.
The numbers didn't lie. With some boot-strapping no borrowing against shares is necessary. Berge, however, did lie.
Maybe Berge should just shut up & make his shitty jewelry & leave managing the company to someone who gives two sh*ts (maybe even three) about investors.
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