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Message: Re: Johndug / Re: It's ALL about Leadership .. The Validity issues had NOTHING to do
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Sep 08, 2012 11:27AM

"You will find that in all of these mentions of the many failed ventures by Biajj and Lamberts and the rest of the armchair QBs/BOD bashers here that what is always conspicuously absent in their rear view mirror trips down memory lane is the fact that the economy imploded after many of these investments were made. Most start-ups in their embryonic stages at that post-2008 point in in time struggled and failed. That little tidbit doesn't fit their story nor their agendas. "

Maybe you forgot that Gloria had the decency to openly admit, and I paraphrase but maybe it's in the formal records of the relevant SHAM, that the BOD "did not have the expertise needed for these investments".

These problems started well before 2008. The blatant draining of PTSC coffers for their own personal benefit has continued unrelentlessly through the economic melt-down.

The problem isn't shareholders and rear-view mirrors - it's always been the BOD and their lack of clear forward vision which is perhaps blurred by their tears as they "cry all the way to the bank".

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