On Saturday morning May 18th, our attorney received a call from Tim Cook, CEO of Apple.
Apparently late Friday afternoon on the 17th, Tim Cook received a Federal order in regards to the forced sale of our Apple stock as well as the payment of our dividend. The order stated that the stock as well as the dividend will be paid in cash with a time frame given.
Tim Cook appeared to be scrambling, pleading for us to reconsider our order and sale of stock. He was asking for another chance to work with us and that he’d make everything “right”.
Our attorney told him that he was given several chances and we were tired of the “excuses” that were nothing more than stall tactics.
At no time did we ever “demand” full payment of our dividend. We were simply asking for something ( Apple products, some cash, etc.), anything to show good faith that he was truly working to fix the problem.
Bottom line, we were DONE WITH APPLE.
Then Monday morning May 20th, we see on the news that Tim Cook will be on Capital Hill. At no time during the conversation with Tim Cook and our Attorney did he volunteer any information that “once again” he’d be flying over Kentucky.
This kind of stuff just makes us shake our head and think that Tim Cook is full of Shit and full of excuses.
Here is a question for the readers of my blog and would appreciate any feedback.
If you were CEO of a major company and one of your “Largest” individual share holders weren’t happy because of something “your” company did, wouldn’t you do whatever it took to keep them as a share holder and avoid any legal liability???
I’m baffled by the decisions of Tim Cook. All it would’ve taken was product, cash, or a public apology to buy him more time to get our missed dividend payments to us.
SIDE NOTE: Once the sale of the stock has gone through, I will then disclose how many shares of Apple we owned. I feel that it would be inappropriate for me to disclose this information prior.