we are so missing the real point.........., page-40

  1. 1,291 Posts.
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    No poor human sentiment from me. Ok the company was lumbered with debt from day one, so not a good start.

    Knowing it had huge debt the board had a long long time to work a solution, but did not until it was nearly down the crapper. That they sat on their hands for so long, and then scrambled for the lifeboats ahead of the women and children (the investors) making cosy deals for themselves in the process is deplorable. I think this makes them totally inept.

    As Jack says, it was probably never MR's money to begin with...or shouldn't have been.

    JE
 
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