RE:RE:Payne even surprised himself..... Did you miss this Simpliciti - The company lent $340,000 to Jean-Pierre Colin to exercise options and that loan appears to have now been written off. Shareholders robbed in plain sight - fraud. Not to mention they did the same thing twice more with Galaxy Power.
SIMPLICITI1 wrote: Dante, The loans are all balance sheet items. The cash went out the door long ago. The auditors are responsible for forcing DYA to finally write them off. KK and others have been dead meat for years. The real deal is in the COGS....it seems to me as the auditors forced dya to write down all those returns (warranty claims) that they used to refer to as free upgrades.....and part of their continuous improvement program. Now, the whole options fiasco is a real head scratcher. Payne lent them money to buy options but they never paid the money back. Should never be allowed to happen. Wondering if option holders were people let go and withheld payment in lieu of wages owed......