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Re: grandpappy post# 606

Sunday, 01/16/2005 3:51:16 AM

Sunday, January 16, 2005 3:51:16 AM

Post# of 1056
I have got the impression from my exchanges with Mr Berman that shareholders have some shareholders have caused a lot of trouble for the company. At this stage it is hardly in our interest to call the SEC. One of my mistakes is that I have thought that Mr Kelly was an accomplished businessman. The financial performance of his company suggests that the opposite is the case. It is natural that the dire state of the Kelly companies has only gradually been revealed to the CDED management and that they have been in a difficult position dealing with the unpalatable facts of the Kelly companies as they gradually came to light. It may be that the poor state of the Kelly companies has also caused the delay in relation to the SEC.
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