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goingbkrpt

08/21/12 1:21 AM

#83634 RE: locksflooring #83627

This company could have run off its own juices long ago. Matts was holding it back with wasted spending (ice cream cakes for example) & horrible loans (for which he got kickbacks under the table).
Remember we are still trying to pay off those loans (hence 2 increases in authorized shares recently) & trying to recoup some of that prepayment for the ice cream cakes. Joe is just showing that this company was already able to run on its own juices a while ago. Matt was mismanaging the company & bilking its shareholders. Matt was getting ahead of himself & trying to grow the Gross Revenues of the company (While not getting anywhere, if not losing more net profits) so that he can just look like he is running a bigger company & get a fatter paycheck (& more shares). Basically we would have been here long ago if not for Matt. Good riddance.
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Starlost

08/21/12 7:56 AM

#83635 RE: locksflooring #83627

Get it right. Matthew Schissler ran the company into the ground. He mismanaged the company. He was a greedy stinky CEO. All he cared about was himself. He couldn't give a rat's behind about the investors.