Thanks for agreeing to disagree. That's what these forums are for.
The elimination of the loan privilege will not have a positive effect on the financials because it is not currently part of the financials. If anything it is a potential safety net for the corporation should it run aground on the shoals of financial straits.
If that event ever came about I would hope that the lookouts on the bridge would see the impending collision. I suspect the price of the stock would be an early warning signal.
I agree that Marty is qualified to sit on any board, but in reality what can he bring to the this company's table that he is not already bearing? He's got the ear of management. He has introduced business contacts to the company. He has voiced shareholder concerns. He has introduced individuals to the company that have been hired. All of this for free per Marty's own words, no compensation was received either in the form of cash or shares, directly or indirectly.
I would rather see individuals nominated to the BOD who have expertise in one or more of the related fields that the company is endeavoring to be successful in.
The BOD should be and is working in the best interests of the shareholders as per Marty's various and sundry posts. The BOD are the biggest shareholders in the company, of course they're working in the best interests; they will have the most to gain.
Lastly, and despite the rationalizations that Marty offered, as a member of the BOD you are a paid representative of the company. Marty's role as a poster on this thread and any other public forum would cease upon his election to the BOD. As he so eloquently pointed out, just wandering around the halls of TSIG, visiting with executives, and chatting with members of the various divisions, you pick up a lot of information. You see flow charts, appointment calendars, hear a slip of the lip, see the loose business card of a visiting outside executive or vendor, find discarded work papers in the photocopy room, etc.
That's inside information. And, any hint of offering that kind of information without putting it out for full public disclosure, not just on some chat thread, could result in getting fitted for a suit of horizontal pinstripes; not very fashionable, disclaimers notwithstanding.
My view concurs with yours: the forward direction of the company. April 1998 to April 1999 has seen a world of changes. These changes have occurred with the current management at the helm with the able assistance of a notable bunch of deck hands from both the SI & RB threads. To those individuals I say continue your efforts, but let's not try to micro-manage the company from our perspective. I certainly don't think I'm capable to do so.
Keeping the faith.
Best, Joe |
