
A: No. Actually I was very upset, because the Teledex transition didn't work out as I had planned.
Q: What happened?
A: I was pretty much sidelined. When we closed on the acquisition, I had just been released from a hospital stay and was unable to physically fly to San Jose, California to oversee the transition personally. Also, for quite a few months after the Teledex acquisition we suffered the worst financial crisis in our company history!
Q: But you had just received funding from your financial partner, so what was the problem?
A: Due to a contractural oversight, our financial partner informed us a couple of months after signing the funding papers that we were in default on the new loan.
Q: What did you do about it?
A: I couldn't change what had already happened, but moved to an apartment near our headquarters in Colorado Springs, and worked there non-stop for 5 month. Less than a year later in December 2010, we again became debt-free, while at the same time investing in the resources necessary to support Teledex customers worldwide.