"Back to 20/20 hindsight argument again?"
It is remarkable to me that you consider it hindsight. lol It says volumes that you don't consider it a minimal level of foresight and risk management for a "financial expert" and a "lawyer" and a "CFO" to refrain from putting 67% of a PUBLIC company's available funds into one investment vehicle. Even if one considers the ARS relatively safe as it was at the time, for a company with essentially no other source of revenue at the time other than the on the ropes MMP, and enacting an M&A strategy, to refrain from putting 2/3rd's of the money into one basket. One mistake/market problem, and 2/3rd's of your money's tied up, just like that and you're scrambling. Hardly takes hindsight to FORESEE that kind of risk.
It would be interesting to see if Carlton Johnson, or Gloria Felcyn or Cliff Flowers have 2/3rds of THEIR OWN money tied up in ONE non-guaranteed investment. You probably know. Do they?