I agree that his arrogance is troubling as a busin
Post# of 7775
Posted On: 05/28/2015 2:04:28 PM
Re: philipt631 #6745
I agree that his arrogance is troubling as a businessman. Those type are typically unsuccessful. However, there are a few things left on the table that we can hang our future hopes on. The SS remains unchanged as far as we know. The toxcicity is low as far as we know with convertibles that are practically worthless (10-12K) at this time and products, although not selling well are in existence with a concept behind them.
Unfortunately Cruz made IG look like a genius because of his arrogance, but I sense that there is infrastructure in the company, the websites exist and can be morphed and they could pull a rabbit from their hat at some point with a new CEO. It remains to be seen, but at this point, personally at least, I don't need to sell for peanuts for a tax loss. I can just ride it for however long and see where it goes.
I don't have the same confidence or optimism at this point, but being a company still floating around its first year, hopefully, as DTL mentioned some lessons were learned.
Unfortunately Cruz made IG look like a genius because of his arrogance, but I sense that there is infrastructure in the company, the websites exist and can be morphed and they could pull a rabbit from their hat at some point with a new CEO. It remains to be seen, but at this point, personally at least, I don't need to sell for peanuts for a tax loss. I can just ride it for however long and see where it goes.
I don't have the same confidence or optimism at this point, but being a company still floating around its first year, hopefully, as DTL mentioned some lessons were learned.
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