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Message: <blockquote data-quote="PHATsakk43" data-source="post: 9664061" data-attributes="member: 7041071">Lorraine was an investor in the firm and given her interest in exploiting the IP she personally possessed with Buck Rogers, it was also not a particularly bad company to be holding the reigns. As I stated earlier, Gary knew the number of outstanding shares. He knew that the Blumes were effectively out regardless of any other outcomes. He also knew that this required them either selling their shares to someone else or the company going bankrupt and everyone's shares becoming effectively worthless. He also knew that the Blumes were looking to unload their shares. He had personally attempted to negotiate a purchase, but did not have the sufficient capital.Really, Lorraine was one of a handful of investors that had both a reason and the means to actually purchase those shares. Had she not done so, the likeliest outcome would have been bankruptcy by 1986 and liquidation of all the remaining assets of TSR. I simply can't consider that skullduggery. Really the only question about her decision is if Lorraine actually sat down and did the math on her investment and performed a proper cost analysis and risk modeling of the outcomes or if she was motivated by a mix of sunk-cost and emotion. If it was solely the latter, then we could say that she was acting at least out of spite if not malice. Otherwise, it looks like a business risk decision that became realized, and the return was not commensurate with the outlay. Even this may not be the case, as she may have been able to personally recoup her investment with the internal licensing of the Buck Rogers IP.</blockquote>

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