The "Plan" was amongst us from the date of filing. I would surmise that the "Plan" was formulated before the petition was even signed. I have explained this process to all who will listen. The "Plan" can be defeated by hiring lawyers to disclose to the Court that it is simply the fruition of an illegal conspiracy designed to bless the appropriation of valuable assets for less than adequate consideration. Moreover, to the extent that insiders have breached their fiduciary duty to the company, so as to personally profit from the "Plan", the Court can refuse to allow it to be presented.
I have shown considerable intolerance and lack of patience to those who have criticized the efforts of Tom Childs. The reason has been simple. Who do the shareholders think is going to fund the effort to oppose the transformation of IMS into IPIQ, a private company controlled by current or past insiders? Everyone who has failed to contribute to Tom's legal fund has aided and abetted those who would steal the company from us.
Guys like Frank only care about their own secret deals for employment and stock in IPIQ. Ignorant people posting to this board, who have voiced support for the rights of these types to mislead and obfuscate the truth, ought to be ashamed of themselves.
Don, if you want to bury those who would steal the company from its shareholders - RAISE MONEY, BIG MONEY. I know one guy who owns 700,000 shares of the company and when asked for a contribution he replied "Why me?". The only way to defeat the enemy in this war is to employ an army of lawyers to launch an onslaught of Complaints, Motions, Petitions, Depositions, Interrogatories etc. etc. etc. If you can't raise the money to do so, as they say in airplanes just before a crash, "Bend over, put your head between your legs - and kiss your invasstment good bye!". Sometimes, we (the shareholder body) get precisely what we deserve. |
