Or maybe they just wanted his millions of dollars and for him to quietly go away as they burned through it like most of the investors round here do. Maybe they wanted his complacency as seems to be the spirit of the longs here on this board while their investment continues to erode.
I dunno. Visser is former military and self made. Much respect in my opinion. LQMT management? LAUGH OUT PHUCKING LOUD! No comparison.
Mr. Steipp was a consultant for 6 months minimum prior to assuming the Presidency. He had plenty of time, knowing that he would be named President after cleaning up a few messes, what the new game plan (certified partnerships, etc.) would entail.
Further, from Aug 2010 to the day that the contract was written with VPC - what sometime in 2012 - are you telling me that that was not enough time to find and vet at least 5 machine shops in the LA area alone who were superior to VPC, not even a company, except on paper at the time of the agreement, not to mention, to interview 5 die casting operations who might be willing to play around with an Engel machine.
Sure as hell would have been logistically sound to have a company in the LA ORANGE San Diego area rather than some start-up operation in Denver.
THIS IS COMMON SENSE.
Those who want to lay all the heavy stuff on VPC haven't really rooted out what is at issue here: LQMT mgmt excellency (or not).
The Company has had desperate times since inception.
Desperate times did not just show up on Aug 2010. Two and one half years to vet a manufacture with no alternative back-up candidates is what is desperate.