Re: SGE1 / Re: SGE - Pappy - SGE..Exactly right/Optik - Steve
in response to
by
posted on
Jun 02, 2010 02:52PM
Thanks for the reminder on the additional drains ....... forgot about them. And those jogged my memory regarding other drains like all the severances and settlements for about everyone who has been shown the door (because of bad hiring in the first place, or bad oversight by the BoD, or bad implementation/execution of plans) etc...etc... or all the resources squandered on consultants to tell the board what to do ------- classic.
I have grown so old owning this stock (what's left of it) that I can't recall whether there is anything of substance that has been positive, or is it just a complete abject failure of the BoD as to how to run a business, how to recognize the threats to the business and how to manage through the landmines? No response necessary there, I guess.
Did they ever even consider the sale of their (our) interest of the MMP to a real player who understands the pitfalls to the strategy and also has the resources to outgun the infringers and outlast the USPTO? Alas, real monetization of the asset, without the ongoing expenses to support it. Ahh, that might have taken real study and real work, and put the interests of the shareholders first.
The more things change, the more they stay the same: but it has been quite a story going from .08 to .0898097347, plus all the little smileys we have gotten.