Well was it Etrade's fault? We all questioned the
Post# of 36537
I was certainly speaking about Veneto. We all questioned it. There were many red flags and government lawsuits/fines against Veneto. Yet Joe said we weren't buying any of those assets. Well we didn't get the assets Joe said he was getting. Then had to go back after Veneto and restructure a discount. I forget the exact reason, but it did not save GNBT any money since the assets we didn't get were revenue producing assets. It was a horrible deal that never should had been made. But Joe had tons of free shares at $2.50 and thought we were getting something for almost nothing. Turns out we got nothing for quite a bit, since they all sold their shares and pushed out stock price lower. That is all on Joe for their due diligence.
Remember the pharmacy chain we were buying that was taking like 1 year of due diligence. It doesn't take a year unless you don't know how to do the due diligence or have the right staff to do it.