<<Again, this is all speculation on my part. Am I wrong ??>>
IMO yes. This seems like some pretty wild speculation, without nearly enough data available to make it. Particularly regarding BD, I understand that Dr. Shaw is coordinating that whole process, and I don't think anyone at the AGM, or on the bus tour got this impression from him.
Once again, it was put up here on SI when the BD bulk runs were being done, and if those dates are correct, in my mind there was just not enought time to audit/run/send _every_ reagent and ingredient out for check assays/secure transport sludge/refine _and_ report by the AGM.
I spoke to an SI/CIS investor at IPM's _open_ house after the tour who was saying how impressed she was seeing the demo plant in action. (and heard another fellow say that they could easily see how it would cost a fortune for a plumbing job like that!)... And I pointed out to them, suppose one had to audit that thing -- check every pipe and hose and additive and step of the process piece by piece -- that it might be a daunting task, to which they readily concurred.
I believe these two had been "worried" by some of the "mud"... And I walked them down a hall at IPM and showed them something I had discovered that day: IPM's new daycare center, built I believe for just 3 working mothers at the company. I said, "These are the kind of people you are dealing with at IPM."
As a writer, I was taught for creating deep characterization to use the following simple formula: Character = choices made under pressure. IPM is under plenty of pressure right now, and yet they did not cloister themselves, they opened their doors. Zeev could have come and _watched_ the recovery process be _run_ -- think about that the next time he pontificates about it's "problems".
A company with something to hide doesn't do an _open_ house. Doesn't hire Sam Shaw and Tom Dodge or John Yellich and Jim Potter and certainly doesn't make them and the _whole_ management team including the CEO and COB available for extensive periods of time in informal settings for any shareholder to corner and look in the eye and ask hard questions.
I went into a six month depression after Siskel and Ebert blamed my putrid last movie on me rather than the director (or the 3 other uncredited writers). I can't even imagine what it is like to be on the recieving end of that cartoon in Forbes -- And yet Le Furlong and Alan Doyle were right there, a class act. _Le Furlong_ took one of the tour busses to host that whole day including 4 hours of driving and Paul Mentzer took the other, knowing full well there was a seat open on it for David Findley or Randy Giese or Tom Cat -- or even Mason Coggins -- if any of them wanted to bother doing some real due dilligence.
Lew Green |
