|
Well, today was supposed to be THEE day for a TSA. Unofficial sources everywhere had it pegged for today. It would have fit well with Schwartz's presentation to investors in New York today. Sure would help him raise money for G*. But, once again, a no-show. This is disgusting. My hopes have been dashed so many times now over this piece of crap document, which is completely meaningless. Our own government is destroying our shareholder value each day. Little by little. Add this on top of bonehead blunders by management in regards to a backup plan(note: backup plan means that you have a plan in place in case something bad happens, before it happens). I am not a holder of G*, but in essence my Loral is being destroyed via the G* black hole. The delay from November to January was likely related to Soyuz, but the TSA came along as a kick ass excuse to cover that blunder. Well, it was a better excuse than originally planned. It is still working! There are not any serious issues with Soyuz now--just no TSA and no launches, and $1 million out the door each day. More when you consider the revenues that aren't being generated, the competitors that are moving right along, the anger that once loyal shareholders are building up, the anger that is directed through the court system, eventually costing us even more money in the form of class action suits. I am sure they are out there. What to do? Management is surely aware that we are pissed, but it might help to remind them of their mistakes. The State Department gets a swift kick in the loin for changing the rules mid-game, or perhaps a nasty letter, or a phone call might help. Something. What do we have now? Nothing but a huge cash-gulping entity whose sole purpose at this time is to raise more cash to consume as they spin their wheels. Turn off the lights boys. Tell the crews to stay home. We are in limbo. Limbo does not equal shareholder value. I will no longer believe the voices saying this day or that day. They are all wrong. State has been saying they are just crossing t's and dotting i's now for 2 weeks. Bullshit. Someone is not telling the truth. If tomorrow brings the TSA, I'll be the first to rejoice. If not, I'll be the first to curse the parties involved once again as another $1 million is pissed away. |
