Originally posted by goldbear77
@McKhenry
not about no product. yes about willingness to repeatedly misrepresent to outsider shareholders via the mechanism of plausible deniability and the misdirect.
there's a long line of line of listed CEOs whove bsd to markets at some time or other - faking it to make it. the point about Theranos is to show that some company CEOs are willing to maintain a confected corporate lie forever
all listed CEOs use the plausible deniability loophole of big print/ caveat at some point. secure skilled ceos make all forecasts skewed to the downside so they have high probability of jumping the bar they set
when you;re pre-cashflow your share price is your income and its natural to want to polish every tur#.
whats different about BUD is it is endemic - that the ceo took pains to rep himself as actually being a higher calibre exec with a more prudent approach - add to which theyve preferential filtered information and failed to meet continuous disclosure.
not sure if you;ve been along for all the ride - but I;ve rarely seen a small cap that so repeatedly and serially misrepresented business progress that didnt end up disappearing. last time i saw this action was on KBL. it had cashflow too - just not enough of it.
even if you are fact immune and want to slate all of the misdirectiosn down to bad luck - i think you have to ask yourself if you want to invest in a guy who so repeatedly failed to accurately assess forward outcomes. thats why i said to use the post 30 june pop to get out.
he's smart - but his 'business approach' is obvious as fog's balls
get it
You forgot to mention she didn't fail due to lack of effort. She actually tried to make it work, it's when it didn't work she would blame the employees and technicians. Then create a new team to start all over again and do it continuously as the product was almost impossible to make.
All while hiding it from prying eyes, Kissinger was invested.
Sounds like a few things happening at Buddy, but he will try hard. So you never know one venture might pay off.
