Completely agree with you!
Playing victim is a lot easier than taking your own accountability.
On that recent BFC, I referenced this even with myself. Regardless of the really bad shit that happened to me, to the company, as a result of the seller misconduct, auditors, etc.... I take the approach of Gary Vee and say "EVERYTHING IS MY FAULT."
Only then can I actually do something about it, and so I am. If I were to stay in victim mode, my board would have left, I would have no outlook, I would have sold the shell... but I reorged and reforged.
Shareholders IMO should do the same... Either 1) Sell and GTFO of these boards, or 2) Take your approach just now and "Cheers to a brand new year, good luck".... just whatever they do stop the bitching. Free themselves of the emotional turmoil and both approaches help.
Was this a bad investment? Maybe. And I'm speaking of myself. Was a home a bad investment in 2008 when the market collapsed and property values dropped by 50-90%? Maybe. But I can guarantee those investors at that time now know ways to shore themselves up in case it happened again. Some probably don't invest in anything anymore because they blame everything but themselves.
I know why things happened with FRQN the way they did.
Was it my fault? YES
Was it out of my control? YES
See the interesting dichotomy? And yet both can be true at the same time.
Saying YES to both of those questions is the only way forward to doing someting about it... That's me with the company, and shareholders with their investment.
But now I know how to protect and shore up in the future.
Let's go 2026!
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