Awaiting response
posted on
Jun 11, 2009 05:33AM
Have sent some questions to TA and RQ ... had some preliminary replies that need refinement before being shared.
Have also received at least one phone call from another investor (I never spoke with previously and not a board contributor) to discuss strategies and the board meeting.
Although we are both in agreement that the potential of a merger could be advantageous for purposes of critical mass, I pointed out that the costs currently being experienced seem much higher than last go round.
My one and only concern is we increase share value .... It is easy to forget the operational disarray existing before the arrival of TA when we didn't even get our financials in on time .... there was essentially no communication and the organization was becoming increasingly dysfunctional.
To TA's credit, that changed quickly. At that time we had potential we could increase production and now we are. This has absolutely nothing to do with MP who should be providing strategic leadership .... I continue to be concerned we may be overpaying for that leadership.
orgy