RE:Serious Concern>Why Pascali family own Drosite LLC privatelyPeter12345 wrote:
Not sure of what you all think, but why does this company DROSITE LLC had to be created? We keep hearing that powder will be operate by different entity, and now DROSITE goes private... someone is intending to steal the pie while we get to the goal? I've been holding my share for 5 years now watching news every week to see this beautiful machine going in action. What tells us now that Drosite won't sell the machine for 100 to 2500% margin while pyrogenesis bottom line 1% of it? I was strongly supporting Pyrogenesis strategy so far, but I am terribly concern by the motivation behind that move now today, which completely make me re-consider my global investment in this company. I'll watch for what they do have to say on this if they do, but right now, with this move, they raised a quite impressive concern on the ethics of a company toward it shareholder.
I can't think of a good reason other than to shift profits from a publically traded company to management.