fitbabits
09-30-2005, 07:06 AM
Fast becoming one of the premium sources of all things newsworthy (at least in my opinion), Next Generation (http://www.next-gen.biz) has the following story (http://www.next-gen.biz/index.php?option=com_content&task=view&id=1193&Itemid=2) on Trinad Advisors offering to invest $5 Million into Majesco.
"We have long been proponents of, and believers in, the significant potential of the company," Robert Ellin, Trinad's managing member, said in a letter to Majesco's board on Tuesday. But he added, "We believe that the company now faces danger to its continued existence and prosperity. ... The time has clearly come for the board to take decisive and aggressive action to begin to deal with the enormity of problems that now face the company."
Not sure if I like the tone of the letter, but the thought of Majesco suffering makes me sad. :(
"We have long been proponents of, and believers in, the significant potential of the company," Robert Ellin, Trinad's managing member, said in a letter to Majesco's board on Tuesday. But he added, "We believe that the company now faces danger to its continued existence and prosperity. ... The time has clearly come for the board to take decisive and aggressive action to begin to deal with the enormity of problems that now face the company."
Not sure if I like the tone of the letter, but the thought of Majesco suffering makes me sad. :(