JJ, thank you for a fair and candid post. You are sounding like your old self ... I probably wouldn't do this for anyone else, but for old times, I'll address the issue one more time.
Yes, I did testify in the trial, but I was originally subpeoned by CYGX. I think that after the depositions their attorney had a change in the manner in which he decided to approach the case and my candid views did not fit in. (I firmly believe that the trial would have ended differently if he had used a different strategy.) I showed up at the courthouse and he told me that CYGX was not going to call me. As I was leaving, the attorney for AVGI asked me to stay and testify. I did.
A few days before the shareholders meeting, we became aware that all of our remaining shares (over 200K) were either in my wifes name or our childrens names. I spoke to LW about it and he said that they would have to be changed to my name. (Note that he only told me that I could not vote them without either POA or the changes - I did have proxies but I did leave them at home, if I recall correctly.) I flew out to Las Vegas and personally went to NATCO and got them changed. Understand that when many of the early shares were issued and we had less than 10 MM shares outstanding, many of us (I think including MS, LW and most others) opted to place shares in family names.
At the time, there were a substantial number of shareholders who were discussing a shareholders suit. I an NOT going to go into their reasons. I fully believe that the fact that those disgruntled shareholdes did not file a suit was because of the actions of one of the other posters on the thread and myself. I certianly wanted to see some changes in management, and MS had promised that there would be changes, but then apparently changed his mind. (Until recently ... lol)
There was also the PP mess. As I've said several times, I think we dodged a bullet there. There were many aspects of it (both in favor of PP and of CYGX) that have never been discussed. I'm certainly not going to discuss them now, especially not with folks who were not present and do not know what the big picture included.
At the shareholders meeting, I learned that the date I had made the changes we after the cut-off date for being able to vote the shares. Then the young ladies at the desk told me that I could not enter. MS and LW were both standing there and when neither made any intercession I went outside to discuss the matter with my personal attorney, I did not think I could be excluded as I had been present at the other meetings in the past. I did not want to make a scene, so when I couldn't reach him, I simply left.
My being excluded had little if anything to do with shares. There certainly had been no -problem when I had bought them .... especially those I got in PPO's.
Well, JJ, that is yet another repeat of what happened back then. I've had all I want of that whole mess. Again, thanks for your thoughtful post ....
Hogger
AI
