net net, i think the death of S-Chip is not really the less compelling fundamentals, but their CEOs, who can use company money to pay margin call. that is the corp governance problems, which take long long time and efforts from various parties to solve.
Though, i can feel his pain of what so ever: hard work, difficult time, temptations from Mr D, success, to now hiding from laws. but i still this guy deserves punishment, simply because: As a reasonable and normal man, he should know that he should not use company money to pay his own debt. This is unethical, irresponsible, and crimial to all the stakeholder of Fiberchem!
Just because the corp governance issue that i have personal experienced in this boom burst cycle from 06 to now, i have sold all my positions in S-chips two weeks ago, and will not looking into S-chip anytime soon albeit a few of them are still ok.
