OR… is this a very clever, nefarious, strategy by experienced management????
Lets remember the roots of the original company, Monitronics. A Texas investor provided critical startup capital, and a new president, mid-1980s for the founders of a Cedar Rapids Iowa startup monitoring firm known as My Alarm (not same as current My Alarm). Shortly thereafter, they bankrupted the firm, destroying dozens of friends/family investors, then purchased the assets for pennies (hundreds of monitoring contracts) and relocated the remote-monitoring facility to Texas, renamed Monitronics. The current Monitronics also has the same valuable assets(now about million customer monitoring contracts) albeit tinted. Will we see history repeat again???