Just thought that another viewpoint of Mackie might put things into a different perspective than just harping on the forum shutdown or late delivery of software. A little history first. Back in the booming day's of Mackie circa 2002 they had 206 Million in sales but ended with 5 Million in the hole. Greg I guess was not happy with what he was doing and certainly not with the financials. Along came the Sharks Sun Capital Partners Inc. and offered him a way out in less than 30 days. He apparently took it and sold his company for 4 Million and 1.2 Million in penny stock options. I hope he exercised it ASAP and sold it while it had some value ($12-15). Today it's a penny stock. His company also had 50 Million in assets (equipment etc.). Corporate raiders like Sun Capital Partners Inc. will buy bargains such as this and strip it clean while collecting great salaries and other gold parachute bennies. Like sharks they'll strip the carcass to the bone. After all its not their monies but other investors cash their playing with, hence the LLC (Limited Liability Corporations.). They even split it out to Sun Mackie LLC. Lound which itself tried to play this game and destroyed EAW got payback. Now for the Players:
Mark Graham Chairman, President, and CEO
Case Kuehn SVP and CFO
Rodney Olson 53 2008 Chairman of the Board, President, Chief Executive Officer
David Olson 54 2008 Chief Financial Officer
James Stewart 51 2008 Chief Operating Officer
Mark Kuchenrither 50 2007 Vice President, Assistant Secretary, Director
Jason Neimark 41 2005 Vice President, Director
Clarence Terry 64 2003 Vice President, Director
Kevin Calhoun 47 2006 Director
Jon Gacek 51 2002 Director
C. Daryl Hollis 66 2003 Director
George Rea 70 2003 Director
R. Lynn Skillen 55 2003 Director
Thomas Taylor 46 2007 Director
These are the people calling the shots at Mackie. Who are they and what are their backgrounds? Well you have 100% sharks in the form of accountants and efficiency experts that can make a company look good on the books. Do they have any interest in their product? Well check out their Bio's and you will see for yourself. There isn't a Greg amongst them. There is no passion for the product or the industry only the bottom line. Reuters take on the company and their board along with stock prices. With penny stock you don't really have to answer to your stockholders.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=LTEC.PKAs I stated before and reiterate the best thing that can happen to Loud is to be bought out by the remaining employees and other non-Shark folks with a passion for this industry. I'll even invest, Oh I already did by buying a DL. I don't want to see them go under, competition is healthy and maintains a good price for everyone. My guess of an offer for the sharks would be a generous 1 Million anlets look at the parachutes.d
Your thoughts an opinions.
