RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:are you ready ?Are you implying the ECS is owned 100% by Duane with no Board or other decision making mechanism? As a private company ECS is seperate from Duane's private assets. What other assets does ECS have? I believe they exausted their ability to borrow at favorable rates given their financial position. This left them with selling EWS to raise cash to get them through this business cycle. Again this is my understanding.
RoyallyScrewed wrote: Once again, ECS didn't actually sell shares in YFI, Duane made a decision to sell YFI the shares
for his private company which is his property as well. ECS isn't a public company. Duane made the decision based on which was the more practical reason to raise money. He has other assets (possibly other stocks), he could borrow etc. He descided to sell a ton of YFI.
macaw wrote: Where did I say anything like what you wrote below? It is my understanding that
ECS had a cashflow problem with few options to resolve it, other than to sell some of its assets (EWS stock). The picture it paints is that they had to sell to stay afloat. If they had a large menu of options and decided to sell EWS stock then that would be a different story. I don't believe that was the case. If you have specific information to the contrary please inform us.
RoyallyScrewed wrote: So your saying tha a "company", without any human input from Duane who controlled that company, made a"decision" to sell assets without consideration of their possible apprecation or loss in value? That's quite a picture you are painting.