Truman:
Of course you are right, Truman. INCE has lost a valuable asset. Another way of looking at it. The technology is sold for 3.5 million (mostly stock and loans, but let's use 3.5 mil.). Now, what is the worth of the new company? 1.60 x's 5 mil shares = $8mm, of which INCE gets 1/5, or $1.6mm. So, 3.5 plus 1.6 is 5.1mm. Mr. Neild has taken at least 2.9mm out of our pockets looking at it in this way.
I cannot speak for others, only for myself. Mr. Neild has, to put it mildly, disappointed me again! There are choices one makes. You can react bitterly and harbor hateful feelings when such things happen, or you can try to overcome those dark feelings and 'love your enemies'.
It isn't easy, but I'm trying. When a management fails to act in the
best interest of their stockholders, they can be held to account through the legal process. However, they are also held to account by Someone else, and that is where I, as a Christian, must leave it.
Here's hoping that both companies will prosper and that the shareholders will reap their just returns for the great patience and faith that they have placed in these people. I wish you and all our brother investors success with these companies.
Lee |
