Skribe,
This is my last post of the day. I agree with everything you said, but it will not happen. The litigation expenses are too high. Remember that the common share holders are bearing the burden of this protracted battle and drain on our equity. KK is sheltered from these costs and one of the reasons that I am concerned that he will go for blood to vanquish the bad guys instead of a decent settlement that all can live with. Boy, we could sure use a cash infusion that would bring, as well as the new clients and elimination of the litigation costs. Our best hope is that KK can find better financing and get out from under the dilution possibilities raised by the YAGI toxic funding.
On another note it was sad to see Petal and several others leave the field of battle today. You may remember that I frequently posted about avoiding the frustrations of unrequited expectations. I tried hard to dampen these expectations by inserting the cold reality of KK and this struggling company. I was certain that too many would throw in the towel too early, before the pay off came.
Also, the real issue here is the lack of corporate governance. If the common share holders had a vote your plan or a portion of it would be executed and KK probably no longer the CEO. But, that too will never happen.
All this said, today the PPS was a third of one quarter’s earnings per share – preposterous on its face, understandable on the basis of people’s concerns about what KK may do in the future. The future will answer this question and why I say that things will likely look very different a year from now. Why? I believe that it is in KK’s interest to do so.
Goodnight.
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