re: Mellon Pushes for CoSine SaleCosine executives know that this is the last ride like this they will ever be on. They goal is to ride this puppy into the ground and walk away when the bank account is empty...
So, good luck Mellon. Taking the cash in the bank account and distributing back to shareholders would be a merciful end to this. With the list of solid Tier-1's that Cosine has on it's customer list, you'd think they could give the technology and engineering team to a healthier company for a $1 after the bank account has been distributed. It's over for the technology unless it's part of a larger portfolio of products in a healthy company.
Then good old Cosine will have no money, no products, no employees, and $40 million in Real Estate liabilities to be wiped out in a nice sweet Chapter 7 liquidation. Mellon, we wish you well, a majority revolt shareholder revolt is the only way to do this. Call Dean Hamilton and see if he'll participate in killing his creation!! He's got the shares (or used to).
re: Mellon Pushes for CoSine SaleGiving $24 million dollars in loan to CoSine employees and subsequently forgiving this loan is an example of corruption that goes very frequently in California. Most of the companies have similar products which are almost identical.
The start-ups keep getting VC money. Yjey usually keep the mpney for themselves and fite the workers. The VCs are also very careless in distrubuting money to the start-ups (like giving money to charity of your choice). VCs usually make about 10-12% commission on the money that was handed over to the start-ups.
You shouldn't wake up out of a deep sleep and grab your keyboard...you make even less sense than usual...or is 3:21 am the time you get back from the bowling alley?
re: Mellon Pushes for CoSine SaleI have always wondered how Bobby is able to so clearly articulate the vast nuances of startup financing and how his insights are always so remarkably prescient.
I don't know how I could have missed it. It's obvious - he's a VC!!!!!
The start-ups keep getting VC money. Yjey usually keep the mpney for themselves and fite the workers. The VCs are also very careless in distrubuting money to the start-ups (like giving money to charity of your choice). VCs usually make about 10-12% commission on the money that was handed over to the start-ups.
>>>>>>>>>>>>>>>>
I really have to know: does this stuff at least make sense in your head, or is it already F**ked up at the beginning of the thought process?
So, good luck Mellon. Taking the cash in the bank account and distributing back to shareholders would be a merciful end to this. With the list of solid Tier-1's that Cosine has on it's customer list, you'd think they could give the technology and engineering team to a healthier company for a $1 after the bank account has been distributed. It's over for the technology unless it's part of a larger portfolio of products in a healthy company.
Then good old Cosine will have no money, no products, no employees, and $40 million in Real Estate liabilities to be wiped out in a nice sweet Chapter 7 liquidation. Mellon, we wish you well, a majority revolt shareholder revolt is the only way to do this. Call Dean Hamilton and see if he'll participate in killing his creation!! He's got the shares (or used to).