Different Company -- same story.
from another board.
Blackstone deal appears dead-DYN Mgt. is grasping 11-Nov-10 09:52 am traders view-
this morning's press release by dyn management is another sign they are not getting traction and mgt has no credibility with shareholders.
they are working hard to get their $38 million payout, and spending dyn shareholder money to try and get it..
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Re: Blackstone deal appears dead-DYN Mgt. is grasping 20 minutes ago Yep. Someone on here said he got a next day air mailing from Dynegy and they keep bugging him. If these clowns would have spent half the time running the company that they have spent selling the company and enriching themselves, we might not be in this mess.
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as I have said before, the truth is coming out all over the place. there is enough evidence for Class Action if this deal does not eventually work for shareholders. there are many basis for fraud -- including broken OSC laws during the period 2004 to 2009. I will not disclose at this time, but I am simply repeating what I have been told. If mgmt thinks they can steal it away by lying -- the lies continue to catch up with them in one way or another.
everything goes to diclosure and what mgmt / PremWatsa / Steelhead, TAM etc. knew and when they knew it. I have a merger document so thick with recommendations that were either tru or they were not. I voted against the merger (in part) and have tremendous leverage -- and so do they employees that invested in the stock pre-merger on the recommendations of the merger document.
again, more than one party may go to jail over this ABWTQ fiasco, if in the end mgmt / board of dir are not working on behalf of shareholders.
