OTCPK:TLSMF - Post by User
Comment by
dinkdestroyeron Dec 17, 2014 12:07pm
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Post# 23240311
RE:RE:RE:RE:RE:Lots of Day After News Comments
RE:RE:RE:RE:RE:Lots of Day After News CommentsHis justification for the sale is to make the situation look extremely dire, perhaps overly so. However, they could have addressed the credit issues by executing individual asset sales. In the end, this company was a victim of an ongoing mismanagement for which Kvisle must take his share of the blame. By accumlating assets beyond their ability to develop they overextended the company and layed the groundwork for its demise.