Quote:
Originally Posted by 71RS/SS396
Mario, I don't doubt that's what he's trying to do. I'm just not sure who would be foolish enough to financially back him with him at the controls. I could see the value in the assets at the right price and possibly keeping him in the background as a tech adviser depending on how much of that is actually him versus his engineering dept. which would become clear in a short period of time. I wouldn't sign any long term agreement to guarantee him a position without knowing this.
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I get that from his letter as well... Sounds like he expects us "little guys" to pony up for stock in the company in a company who's business plan has already proven flawed. Why would anyone fund the same management group to run the same business back into the ground? There is definite value in what he has developed and I hate to see anyone go out of business but it has to be done the right way. Best thing that could happen there is an investment group buy it out, change the management, bring in technical advisors, change the name, move forward, fill all the back orders or issue refunds.