Michael Robertson loves to talk, except to shareholders.
Today, July 31, 2009, marks the two-year anniversary of me having resigned from Linspire. (I resigned after Michael Robertson tried to take advantage of several long-term employees, whom he later called embezzlers for having taken fair severance payments. Class-act move Robertson.)
At the time of my resignation, in an effort to save the company (which I was certain Robertson would destroy in short order), I offered to purchase control of the company by buying up stock for around $.50 a share (in cash). Robertson didn't even respond to my offer, and in under a year, the company was gone. Robertson tried to save face by saying he had sold the assets to Xandros in a back-room deal. Knowing this was a sham, and that Linspire stock was now worthless, I offered to let Robertson purchase my shares for ONE FIFTH of what I had offered to buy it for only ten months prior ($.10 per share). Of course, he knew the company wasn't worth anything and didn't accept the offer.
So, here we are, two years later, and around 100 shareholders have not heard what happened to their investment in Linspire. Anyone thinking of investing in Robertson should look carefully at how he has treated the Linspire shareholders, employees, customers, partners, etc.
Below is some toilet paper I purchased yesterday and a copy of my Linspire stock certificate. Can you guess which one is worth more?
694,328 shares of Linspire stock: Worthless
At least the toilet paper is twin-ply, soft and absorbent.
I had offered to BUY Linspire shares at $.50 per share, and in the blink of an eye, Robertson had turned it into less than the value of a roll of toilet paper. Greedy, unethical AND incompetent. No wonder he's a coward to face the shareholders.