Teddy you write cogently on the assumption circumstances remain the same over the years.The fact is they don't.They can change month to month, let alone year to year. Business strategies have to be adapted,changed,done away with and new ones developed. EDE has a unique technology facing grim opposition from very conservative and hostile forces determined to sink the company completely.The Solomons have had to deal with these unfettered attacks the best way they can.The fact the company is still in business, albeit hanging by a thread,is a testament to their faith and belief.People of less fortitude would have surrendered long ago. Have they made mistakes? Of course they have. Show me a Board that hasn't at some point.
We can all be wise in hindsight.
db
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-36
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