InvestorsHub Logo
icon url

Watts Watt

09/23/12 1:55 PM

#18896 RE: Stocksgreen #18894

I need to correct you, again, Stocksred.

Had I been involved in management, immediately would have transitioned to IM from DC when Johnson advised Kang that the Buehler machine wasn't going to do the job just prior to his departure from the BOD. That was the time to shift to Engel and IM. For three years Kang dicked around with the one Buehler prototype and never disclosed to the shareholders that it was a piece of sheet. Instead he shipped bum 1st generational machines to SAGA in Italy and floundered around looking for capital thru successive short term PIPES which leached every bit of life out of the stock valuation.

Not only would the machines have been here, but they would be functional for the demands of the customer. We would have been shipping right about the time that Steipp took charge in August of 2010.

Okeeffe, Buchanan, Salas and Ogawa and the manager of operations would have been gone. Chung would not have been re-hired. Kang would have been totally out of the Company and paying for his own defense while under indictment and not drawing any consulting fee.

I would not have settled for less.

The Board of Directors would have re-instated competent directors knowledgeable in the field of metallurgy and machining, rather than aloof real estate and ex SAMS wholesale people.

There is no way Abdi Mahamedi would have orchestrated the five fold dilution of stock. He would not be on the Board of Directors as Chairman or on the board at all. He never should have been anything other than an investor who was taken for the ride by Kang and Chitayat and should have suffered as all the other shareholders did. Instead, Kang issued him preferred shares which covered all of his losses.
icon url

Watts Watt

09/23/12 4:01 PM

#18899 RE: Stocksgreen #18894

Had I been involved in management, immediately would have transitioned to IM from DC when Johnson advised Kang that the Buehler machine wasn't going to do the job just prior to his departure from the BOD. That was the time to shift to Engel and IM. For three years Kang dicked around with the one Buehler prototype and never disclosed to the shareholders that it was a piece of sheet. Instead he shipped bum 1st generational machines to SAGA in Italy and floundered around looking for capital thru successive short term PIPES which leached every bit of life out of the stock valuation.

Not only would the machines have been here, but they would be functional for the demands of the customer. We would have been shipping right about the time that Steipp took charge in August of 2010.

Okeeffe, Buchanan, Salas and Ogawa and the manager of operations would have been gone. Chung would not have been re-hired. Kang would have been totally out of the Company and paying for his own defense while under indictment and not drawing any consulting fee.

I would not have settled for less.

The Board of Directors would have re-instated competent directors knowledgeable in the field of metallurgy and machining, rather than aloof real estate and ex SAMS wholesale people.

There is no way Abdi Mahamedi would have orchestrated the five fold dilution of stock. He would not be on the Board of Directors as Chairman or on the board at all. He never should have been anything other than an investor who was taken for the ride by Kang and Chitayat and should have suffered as all the other shareholders did. Instead, Kang issued him preferred shares which covered all of his losses.
icon url

Barney Vissur

09/23/12 6:07 PM

#18904 RE: Stocksgreen #18894

Well, that's the interesting thing - because SAGA hired Kang and he sent them bug-infested, rusted machines and then current shareholders just had the opportunity to waste 1.7 MILLION of the 11 that came in to pay for Kang's actions. Makes you feel all warm and fuzzy inside for him/them, don't it??? Well, he'll probably get pinched again sooner or later...