I agree that more info should be shared here on th
Post# of 4754
Posted On: 12/06/2013 6:34:54 PM
I agree that more info should be shared here on this board, and not kept "secret". It's not as easy to get an answer from the company as some make it to be, in my personal experience anyhow. I'm 100% for CDFT, the team, the uplist and the future ... but they're not making it easy.
In that spirit, I'll share that it was recently revealed to me by a very in the know source that it was Joe Riad that cancelled the dividend. That's right. Some did get it, but that was before it was cancelled. I got the same runaround that Golden Retriever described when attempting to get an answer, or any response at all, about the dividend.
Riad only wanted to sell the company, for way less than it will ultimately be worth at that. He found a way to monetize his bonds basically. Trade them for stock that he can sell for cash, then they become not his problem anymore. They are real, just not redeemable, which makes them impaired on a balance sheet hence the auditor's good call there. Gary finally saw through this and gave him the boot. That's the way it was explained to me.
Sending in our shares to get the restrictive covenant removed is a GOOD thing, even though no one is thrilled to spend more money. This just puts us nearer to the final goal post.
I guess I have to say that this is all in my own opinion and what I've been told by others ... there's my legal disclaimer. :-)
In that spirit, I'll share that it was recently revealed to me by a very in the know source that it was Joe Riad that cancelled the dividend. That's right. Some did get it, but that was before it was cancelled. I got the same runaround that Golden Retriever described when attempting to get an answer, or any response at all, about the dividend.
Riad only wanted to sell the company, for way less than it will ultimately be worth at that. He found a way to monetize his bonds basically. Trade them for stock that he can sell for cash, then they become not his problem anymore. They are real, just not redeemable, which makes them impaired on a balance sheet hence the auditor's good call there. Gary finally saw through this and gave him the boot. That's the way it was explained to me.
Sending in our shares to get the restrictive covenant removed is a GOOD thing, even though no one is thrilled to spend more money. This just puts us nearer to the final goal post.
I guess I have to say that this is all in my own opinion and what I've been told by others ... there's my legal disclaimer. :-)
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