Re: SGE - Pappy - SGE..Exactly right/Optik - Steve
in response to
by
posted on
Jun 02, 2010 01:21PM
I know you were just expressing your overall frustration (that we're all feeling - in a big way), I can't let the exageration go.
"They've managed to blow though the 100 plus million dollars collected from the MMP..."
Look at where the money actually went. The complaint here IMO should limited to something realistic. $17.5M for PDSG (less its current value), loss on ARS (if there is one), and BoD/management compensation (actual versus some amount most would find palatable). So, IMO, what they "blew through" was $10-15M. Still very significant, and realistic. But it's a lot different than the "100 plus million".
FWIW,
SGE