Chisox. Yes, good one Pat! Are you serious? Would it not be considered odd then, if the CEO had the treasury in his personal account, as long as I couldn't demonstrate that he was spending it improperly?
A couple of years back, in Maine I think, an office pool won the lottery. Well, they thought they did anyway. It turns out that their designee had purchased the tickets with their money, and then she purchased a few more with money of her own. One of the tickets was a winner. Are you following me on this? See, she had "co-mingled" her assets with theirs. It was "improper" in that case. In business I don't think it's even allowed.
Walter's relationship with us is not based on us "trusting" him. It is based on him having a legally prescribed fiduciary responsibility to us. Therefor one assumes that there are some contractual arrangements governing our involvement with Walter's claims.
Even though we are not a reporting company, NSDM management could make available to us those items of interest that would normally be reported in their notes. They don't do so, though apparently they report them to Dan. You don't find this curious?
I don't expect that everyone is a thief. I don't expect that when I sit in a card game the dealer is crooked. But I always expect that he'll cut the cards... without me even asking.
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