RE:RE:RE:RE:Shareholders voted corrected - New CEO = ChaosThe (brilliance?) of Saxberg's strategy was the assumption that oil prices would never collapse
and he was not the only one to fall into that trap. It happens in every market when things get
overheated and overdone. The tech crash, the gold crash, the real estate bubble. What
seems like a market that will never end suddenly ends with little warning and then the rest
of us poor suckers are left to deal with the carnage. Saxberg was a victim and is a victim
of his own naiivity and stupdity and throw in some ego and a few other character flaws and
you have a recipe for disaster. He should have been turfed out on his ego puffed behind
after the last equity raise but for the self serving financial community who are addicted to
the equity game like bloodsucking bats to a host, he was supported one last time. Now the
after effects are painfully visible for everyone to see.