RE:RE:Insiders own 30% in TVLExecuter99 wrote: I spoke to the ceo last week at length. He seemed deflated and had given up...he told me he would not sell his company for peanuts...he rather lose it.he said he has invested over 2 million
I should have sold my 300k shares but at half cent?? i thought there was a chance and $1500
I suggested a rollback, anything..he was done. Said hes.old .
Very disappointed...
It wasn't "his" company. It was owned by shareholders.
It was inevitable they would end up in this position. Many of these downtown guys were simply lucky and hit the right time in history when money flowed like water from ibanks and investors. But then, as is human nature, they drank their own cool aid and thought they made some money because of their own genius and thought they could repeat whatever perceived success they had. Turns out, they were wrong.
For years most operated on debt like it was revenue and when the capital fled the true operators came to surface....which was not many. I could count the good operators on one hand...you know, the ones that actually make a profit.
I saw the wasted money among these companies, it was a joke. Now most of them are broke. Not surprising at all.