Larry,
The traffic on this thread has apparently heated up. It took me a while to get on here to respond to your barrage of comments. Since you already provided an explanation as to why you were "yelling," I won't go into that.
I don't know who you are referring to when you say "any of you." I speak for nobody but myself. My position has always been consistent. Ledoux has been the backbone of the company for some time. Contrary to wanting to dump Ledoux, I've always wanted the company to have a very good relationship with Ledoux. My dismay comes from the apparent deterioration of the relationship with Ledoux. Why the sudden seeming change of heart at Ledoux? It seems no one in management can answer that question. Actually, no one in management has said anything beyond the Thursday release, which is pathetically ambiguous. What I would like to know is how Ledoux apparently had a 180 degree change of heart. With all these years of working with Naxos, did Paul Bloomberg abruptly tell Naxos to buzz off???? Did the relationship deteriorate overnight???? Was there no sign at all that Ledoux was having problems and was at the brink of backing off its prior support of Naxos????
That seems incredible to me, and it seems even more incredible that management had no idea about this. Many on this thread don't want to hold management accountable for the apparent deterioration of the company's relationship with Ledoux. However, who are we supposed to hold accountable??? Ledoux??? Until management explains in detail what happened (and I don't want hearsay but rather the company speaking directly to the shareholders through an unambiguous release), I have no choice but to hold management responsible for the current problems.
I'm not analyzing this situation from hindsight. I'm analyzing it from the information that we have been provided to date. The information has been nothing but a little blurb in a press release. How does management expect me to react to that??? Either tell us the whole story, or accept the wrath of shareholders who received nothing but a short, ambiguous statement about a critical issue. The information should have been kept within the company until management had a clear explanation for what has transpired. Management was obviously unable to stop leaks about this critical issue. Quite honestly, I am totally frustrated by this. I don't see strong leadership here. While you may be content with what we have been told so far, I am not.
With that said, I certainly hope I am wrong and we are jousting over nothing and we get a release saying that Ledoux has a good working relationship with Naxos and is not reneging on its prior test results.
sh
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