Final ThoughtsAlthough this is my first post on this board, I do thank all the posters (in particular Dr. Mike
...rest his soul) for the lively, informative discussions ---which on occasion I would drop in on.
And congratulations to all those who made money (and to me breaking even or evan
an almost even is a win).
After thinking about the meeting and talking to investors like Trius 1991, Prairieboy, Yossi and Peter
Piper the problem came down to this:
The outside shareholders still had a dream of using the technology to build a major company while
the dream contrary to what Norbet espoused the dream had died with the Board and management,
So for them it was the right decision and I agree there is no way they could make it happen. From
what I heard at the meeting, they all wanted out. I do not know all the ins and outs of the company
and from what I heard I am sure Norbet el al. are competent. I take their statements at face value that
they looked REALISTICALLY at finances and operations and decided this was the best exit strategy.
My point is could someone else have made it happen, that is taking Sirit where it was yesterday as
an entity and turned into the world class tech company, we the outside shareholderes wanted?
So to me the key question would have been (isn't hindsight great)
IF THE RESOLUTION DOES NOT PASS IS THE BOARD WILLING TO RESIGN FORTHWITH AND IMMEDIATELY CALL A MEETING TO APPOINT A NEW BOARD?
As an aside, I realize today that I missed my chance to make some dollars on Sirit. As the mouth, who
wanted to have a vote for a proxy that was not sent in...if I would have played in smart it would be better
if they had denied me. I then would be asking the Court to invalide the results which I am not saying a
Court would necessarily but I have no doubt someone would pay not to have to have that adjudicated on.
On a final note, totally unrelated, I am in the process of setting up international wine company with
its own labels to primarily be sold in USA though UK/Europe also probably, so if wine interests you
and speculative investment (likely between $5,000 to $10,000), I invite you to let me know. I am not
sure how to give or get emails but if I need to and someone wants I would post an email address.
This is in formation stage and will be a private company --no website yet....so only if you want to
hear more.
Bon chance to all in future investments. It was a pleasure meeting posters at meeting.
Cheers,
Dave