RE:RE:Intelligent and well worded response requestedWinterBaron,
A measured response.
For some additional clarity, a secured creditor action is not necessary to force this company into receivership or seek protection under the CCAA.
Any creditor, including suppliers, employees, (past and present) can bring an action that would/could force the Company's hand.
One good example is the action taken by David Bridge in the amount of $679K.
It will cost money to litigate this action and where employment is concerned it can also lead to personal liability at the director level.
As to dynaCERT's potential. My view is that it has ZERO upside.
The premise behind the tech is old, outdated, expensive and as evidenced by the warranty claims, tens of millions of dollars in inventory writedowns. And apparently it's impossibly unreliable.
And even if they could design and build a unit that worked....the business model is equally old and simply does not work in today's marketplace.
EVERYTHING RDK NEEDS TO KNOW IS CONTAINED IN THE AUDITED FINANCIAL STATEMENTS.
Companies are only as good as the people running them.
Enough said.