CVR Medical Corp CRRVF

RE:RE:I contacted Peter.

[noncomm]

I have spoken to Peter four times. The last time I had texted him and told him that he was obviously the main problem. That he was choosing failure, and no one would ever be willing to pay his salary. He had made to many mistakes, and no one trusted him. He called me back in a rage. “How dare you sir?” He started Global with money from his friends and family sixteen years ago. To me it seems that the only money that Global could ever have considered as earned is the money they got from Medical for work they did on the CSS. They over charged and sucked all the money out of Medical. Not leaving money in case the FDA wanted more testing was foolish. Changing the design during the FCA evaluation was flat stupid. Especially when he was warned. That was obvious.  I don’t know what condition the investors of Global are in but I doubt they are happy. Peter is totally delusional. He asked me if I had a $500,000 house and someone offered me $5,000 for it and told me to get lost, would I accept it. I said no but I wouldn’t burn down the house either. Even after over two years of failure to attract investors he still believes that someone is going to bail him out. Since he has 30 million shares, he could be incredibly rich if the CSS succeeds whether or not he is in charge, it seems that it’s all about his refusal to accept that as a CEO he is a total failure. He says that he is protecting Global from being cut out of profits from the CSS. Gut Global owns half the shares, so that doesn’t make any sense.  It is hard for me to believe that one man can destroy this company. Global is going to walk away with nothing. What a mess.