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Re: The prevailing argument seems to be

By: DigSpace in ALEA | Recommend this post (0)
Wed, 27 Jun 12 8:03 PM | 55 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08653 of 54959
(This msg. is a reply to 08623 by nxtflatpanel)
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yes, that was the fear masquerading as reason, ... the same calling reason fear that precipitated my comments yesterday.

SP erosion and bad forecasting and dumb financing is the stuff of reason, not the stuff of fear.

Seeing this, replacing BoD members is the stuff of reason, not doing so is the stuff of fear.

I'm sick of the fraidy-cats calling those who reason the ones of fear. They are too afraid to change broken governance.

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The above is a reply to the following message:
Re: The prevailing argument seems to be
By: nxtflatpanel in ALEA
Wed, 27 Jun 12 1:29 AM 		Msg. 08623 of 54959

The prevailing argument given to keep the board in place was a bogus claim that the gossip associated with removal of board members would be harmful to the company. That was clearly not true but it was all wavx management could come up with and they communicated that through their agents. The agents ran with that and gullible shareholders followed along. Now they are paying the price.

It isn't a polar thing. Imagine what financial shape the company would be in if management didn't siphon $50m+ to wavxpress? You can bet the siphon to family at scrambls is quite a few million currently. The company shows no signs of financial restraint. New management would fix that immediately.

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