Lynch at Large

Ralph Irwin is a retired CPA and a board member of Arkansas Advocates for Nursing Home Residnets. He has been a guest on Pat Classic at WAI and he had some strong reaqction to the developments in the Beverly Nursing Home sale.

This is a sad day for the Arkansas legislature. Think about this. How long has Fillmore been working to pull this multi-billion dollar deal off? A year, six months, three months? It wouldn't surprise me if this morning's twist wasn't in the deal from jump street.

It's like they have been preparing for a wedding for several months and were selling us on the groom. How reliable he is, how experienced he is and all that. Then at the very last second, the groom gets swapped -- no due diligence, no vetting, no nothing -- just a "hey we're marrying someone else, don't ask questions.. And, oh yeah, by the way, it cost you shareholders fifty million bucks."

Did the same company that pulled Schron's deal together for Mariner, not discuss that with Grunstein? Did Schron not discuss this with Grunstein?

So all these idiot legislators that said, "but Grunstein promises he'll keep the jobs in fort Smith" now look like complete morons. Yeah, right rocket scientist, the man hasn't been intending on buying it for six months now. But you didn't want even a basic hearing to look into it -- so where on you now?

But I don't think these legislators are even smart enough to be embarrassed. My email of this morning was my way of saying: Dear Ark. Legislator - See what happens when you lie down with dogs; you get up with your ass covered with fleas.

Didn't Beverly announce about a month ago that they sold all real estate to SBEV or some other company that was led by Grunstein????

I'll close by repeating my original prediction: "It makes no difference who ends up with Beverly. The buyer will dismantle the corporation because this is a classic example of a company whose parts are worth more than the whole."