Friday, April 07, 2006 11:39:00 AM
I was a long time shareholder of Ramp Corporation RCO. Management at Ramp was totally unaccountable to shareholders. They paid themselves $300,000 each salary, hired pretty women to fill desks so they could con investors, they flew in private jets, they employed message board posters to attack critics, they put out false news when they wanted to sell their own shares, one took bribes from shareholders, all at a company that never grossed a single dollar of revenue from its own business. You think you have it bad here?
I was a fool and stayed in RCO stock even when I knew some of these bad acts were going on because I believed in the company and business. I am bringing this up because I have read posts here that are similar to what was posted on the Ramp Yahoo message board. Where does it say that because a shareholder is upset with the opinions of management that management should either change their opinions or step aside? The last line of your previous post could be viewed by the company as hostile since it was written in a public forum. Management always has the resources of the company at their disposal which includes the company lawyers. SLAPP suits against shareholders and message board posters are very common these days and management usually wins. Didn't your momma tell you to keep your opinions to yourself?
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