Re: -2$ is enough but also 1$ - over and over and over again
in response to
by
posted on
Dec 01, 2009 12:26PM
I agree with theinformer. IMO the entire PTSC organization has been a scam.
Going back through postings on this site we find the same comments about the high MMP business overhead costs, with a total lack of value. The original MMP business could have been set up to be a virtual automatic cash machine, direct deposits and all, with a temp accountant working from home periodically to file the Q reports. When the only product was the MMP there was no operations, no marketing, no sales, no engineering, no production, no material management, no distribution, no anything operationally ... What the H were these people doing? There was no need for a headquarters building, or the board.
Now they've added some operations. Was this done to justify the board's existence? But these new operations were purchased as fully running and staffed businesses - with the expertise needed to run the business. What's the value add of the board now?
This same insight has been repeated by different posters, over and over and over again. Does anyone have a different view on this matter?