RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:are you ready ?Your initial statement implied that Duane sold because he had no faith in EWS. I am saying they sold to raise cash for ECS. Two different motivations. Since no one has the benefit of hindsight I have no reason to believe it wasn't the right decision, independent of the price movement of EWS. After all they only sold enough shares to cover their current cash needs. I will admit the timing was/is unfortunate for EWS but this could turn around very quickly, given the players they are dealing with and the ongoing news.
On a related topic, it seems to me that the Venture exchange is in trouble. Aside from the selling by ECS in EWS the Venture exchange is off over 30% this year, making it near impossible to get momentum going on EWS or any other Venture exchange stock.
RoyallyScrewed wrote: macaw, it's irrelevant who else was involved the decision to sell. The shares were under Duane's name is on record as the seller on behalf of EWC. Either he or "they" decided to sell shares rather than ony number of other possibilities. If you weigh that even against even a whopping 15% interest per year, (which I doubt he would have to pay), You would also have to consider that his expectations for YFI stock didn't compare to that. Too risky. If he were confident then he would have stayed in. As it turns out he (or they) made the right choice., or do you disagree with that too?
macaw wrote: 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.