Bart, is that $0.02 Canadian or USD?...
Your self imposed silence was indeed short lived. According to written information, Charlotte Walker joined SW's BofD in March of 1995. When CW is on the board 2.5 years, it will be September 1997. Perhaps you're confusing time she spent with Bear Stearns in her role as investment banker getting funding for SW -- which apparently she was very successful at, rustling up the $18M you mentioned. So she's actually been formally a part of SW for 16 months, about half the time you claimed. She's been CEO for less than 7 months. It's not a fair appraisal to lay blame for the state of SW's trouble at her doorstep.
So no mainland investors are willing to give SW money you claim because she's ticked off everyone? What about the Traveler's Insurance investment this past March?
So you think CW has been sandbagging all this time letting the stock price die so she could get in cheap, drive the price up, and cash out? So is allowing the company to be delisted part of her master plan too? Does it make common sense to let this happen if one intended to be able to cash out like you suggest?
If I recall your past posts, you didn't like what Beninger did, you don't think highly of Walchek's action, and the key objection you have to CW's strategy is that she unloaded "key proprietary technology" on the entertainment title side to focus on education. I think you're now referring to this proprietary technology as the "biggest asset" that's been sold off, i.e., Victoria studio to Disney. You know, even if this entertainment business was the biggest asset, apparently it was an even BIGGER LIABILITY -- at least in SW's hands. Do you think it would've been smarter for CW to sell off the education side and focus even more resources travelling down the entertainment path Beninger and Walchek envisioned? Or maybe you think proprietary technology alone can pay the bills? Clearly, SW failed miserably to MARKET and SELL its products and was living way beyond its means.
I have been down to SW's offices -- doesn't look that cramped to me. Better than wasting money renting more space than is needed.
Bart, are you a concerned fellow shareholder trying to provide thoughtful, analytical counterpoint to Paul's very BULLISH views? Are you thinking about investing in SW, but can't get any satisfaction from Beninger, Walchek, or Walker, and think someone else should be the chief instead? Were you formally an investor that got badly burned by SW? Do you have some ax to grind with SW? What's the deal?
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