InvestorsHub Logo

HighRider

01/20/12 10:30 AM

#53956 RE: longhorn 53 #53952

What needs to happen is that Calypso management needs to get appropriate legal counsel prior to any decision of major importance. They then need to follow that advice. It is more expensive to defend an action than it is to get proper counsel prior to the event. We apparently have management that does not have the ability to make those critical decisions on their own. I could interject other reasons, but I'll leave it at that.

A completely different management team would be my preference, because current management doesn't have the knowledge to even think they should get a legal opinion.

Laws, rules, regulations, bylaws and COI were all designed to be followed. You can't just "do your own thing". There are a lot of laws etc that need to be followed.

downsideup

01/20/12 5:04 PM

#53970 RE: longhorn 53 #53952

"Please elaborate on the finding of funds"

You'll learn far more by answering that question for yourself...

Turrini has been the CEO since 2008...

What financing has he obtained ?