high debt+poor margins+poor management= end, page-6

The CCC board may not have forced anyone to buy shares in the company but they certainly worked hard to convince everyone that they were competent and were investing in assets that would grow shareholder wealth.
They then proceeded to take the whole thing too far and overstepped their competency as a management team and board when they decided to pay themselves huge sums and borrow money to do this. No sane businessman borrows money to give themself a payrise, or issues more shares to themselves at the expense of other shareholders without at least providing a clear explanation to the other shareholders as to how they account for this behaviour!
There is a credibility and honesty issue developing here and bet your boots we will all be discussing the 60 minutes program about it once it happens!!!