Shareholders screwed by RMII again,
After the newly announced dilution to loyal shareholders, and then buying a technology that may be patented by a competitor, RMII screws us again by destroying our balance sheet with $42 million in debt to by the failing INCC. OUCH.
Looks more and more like Hanson is just interested in playing with this company, and it is clear to everyone that he is not interested in shareholder value. I'm thinking a class action lawsuit can't be far behind. I'll check to see if it has been filed yet, and report back to the thread.
The only redeeming factor in all of this is Phil Anscutz is back in the picture (he owns 53% of INCC, and a relative of his, Couzens, is going to become president and COO of RMII!), and that makes me think the clock is ticking on Hanson.
Fired twice by the same guy? Wow! |
