Re: It especially irritates me-how you still withhold ALL sides of the..medtech
posted on
Jan 15, 2014 04:57PM
1. The divy pump and dump. Did the bod divulge how many warrants the toxic funder had and at what cost basis, nope.
That info is in the SEC filings if you care to figure it out. Your real bitch should be that the warrant holders participated in the divs. Some posters on this board have made it out that that was a decision that was made at the same time the decision to issue the dividends was made. However, it may have been that the warrant provisions at the time the warrants were issued included a provision that the warrants would be participating. I've never seen the warrant docs so don't know which scenario is accurate.
2. Back in the day Pohl was brilliant in the way he withheld info for months while swartz was dumping, How, by delaying the quarterly filings so the uninformed held and held and held while Swartz dumped and dumped and dumped. If the bod had any moral fiber they would not have allowed Pohl to do this. If I remember correctly, the reason given was to restate some gaap info. I doubt it, the reason was to cause the non informed bag holders to hold during the swartz dump.
The restated info you refer to was minor and would not have affected an investors buy/sell decision at all IMO. There was no purposeful withholding of info.
3. Allowing a toxic funder to have so much power that the shares were diluted from what 50 million to over 400 million.
They had no other means of financing and the toxic funder kept them alive. Do you have direct information on how they could have stayed alive otherwise? Direct information - Not conjecture or opinion or wild guesses.
4. Let's move forward to modern times, lol - The ptsc bod sued lecky and let him off the hook for a measley 1M.
Were you in on the negotiations? Do you know what the options were? What is the "correct" amount they should have settled for IYO and how did you arrive at that number. What action would you have taken had TPL not been willing to settle for that amount and have you wieghed the cost of litigation versus possible outcome? If so, what are those numbers and how did you arrive at them?
5. Re-negotiating a worse partnership deal than the original.
So you've read the new partnership deal and come to this conclusion? I didn't think so because it's not a public document. Therefore you've assumed it's worse because posters on this board say it's worse and it's been stated that the Alliacense % is gone up. However, without reading the whole document I don't believe you would know what PTSC may have gotten in return. So you are guessing at best.