I too will not be surprise if the judge rules against Medafor on the narrow UCC issue before the court. But that ruling will not resolve anything of substance. Contract resolution via trial is 2 years away, the judge has already said as much. By then Medafor might as well run off the remainder of the contract and then dump Curly Anderson and Moo Lee on their proverbial butts at the end of 2013.
Do you personally know GS, GT, and their talent set?
The best thing in the world for Medafor shareholders is for Curly and Moo to keep GS and GT growing Medafor sales. Medafor's real value is not now, but 2, 3 or even 4 years from now. So what's new & true?
I have no personal stake or allegiance to either side and know no one personally. In full disclosure currently i am short CRY as I have been playing the swing between 5 and 6. The few pennies in earnings that are being blown on this Medafor nonsense and the resulting multiple adjustments are squeezing the trading range and cutting into my take of the scrilla. I agree with you that CRY management are neandrethals, but therein lies the hidden value that has yet to be unleashed in CRY (unless the little Anderson prodigy takes over). My DD has been spent more on CRY but what i've learned and talked to folks about Medafor leads me to believe that their management team is even worse and certainly is less regarded in the industry. Tread carefully...I have seen the ending to that movie a few times and it is never a happy one. It is in the best interests of both of these companies to just shake hands and move on.
I suspect this is Curly's game plan, to go the "little Anderson prodigy" route. I was going to post on this subject in some detail once, but decided against going there. I can only guess how many better employees have been buried along the way. Curly runs it like a private corporation, and we have all been down that route. Moo has a $$$ "bull ring" in his nose, and for this reason has to follow Curly.
I don't think Medafor shareholders are being played for fools. As a Medafor shareholder I have been able to observe GS and GT from a distance. I have yet to see them misrepresent anything to shareholders, and I'm pretty good at reading financial information. In fact they are the two most honest executive managers I have ever observed. I think most, but not all, shareholders agree with me too. That's why Curly did not show up at the Medafor meeting. I was just hoping to have the opportunity to speak honestly with Curly. Curly & Co. put out a lot of misrepresented information in this regard.
This litigation cost is enormous for a small company, but Medafor has always been a story of greed. Curly is just another chapter. Watch the exponential growth aspect though. 60% annual growth (with 70% margins) going against high single digit growth. Medafor has the cash flow necessary to fight to the end of days. To bad it has to be this way, but I think Curly has already burned all Medafor bridges. Get new management at CRY, and things may change because a functional relationship would make a lot of sense to everybody.
However, when Curly let's his people try to sell in Hong Kong...which accordingly to Curly is not China...I hope you start to see the problem. Think back to the private corp. mentality.
Had Curly made his move 6 months earlier, he would have won. Now exponential growth, high gross profit margins, and time are working against Curly.