Appealing to authority is a logical fallacy, doubly so when you arent saying who the authority is. So yeah, I don't care who he is, what he said about Tesla is nonsense.
More on topic, the "coal industry" has absolutely nothing to do with Carnegie's current state. What is needed now is clarity of thinking from shareholders and their proper focusing on the actual issues, and answers to these shareholder issues from Carnegie management. What is not needed is silly stuff like this clouding things, or worse, being thrown at Carnegie as a question instead of the real stuff.
It's like that guy who wanted to ask MO what sort of battery the battery they weren't installing at Northam was at the last face-to-face. Useless distraction from the actual issues, which MO would be eternally grateful for if it spared him a grilling.
Your other question about why Carnegie is cutting the value of their IP and "goodwill" now, when it has been obviously overvalued by a good 10-20x in finacials up to this point, is relevant. My advice is focus on that, the whole EMC (and other) waste of money, Carnegie's woeful and probably rule-breaching communication to market, and why exactly the board thinks they deserve to stay on the payroll.
CCE Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
