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Re: teecee post# 3928

Friday, 01/17/2003 10:10:22 AM

Friday, January 17, 2003 10:10:22 AM

Post# of 432962
teecee, of course, your right. When this issue came up for discussion before the ASM, I was concerned. I wish Ronny has assembled his information and posted it then because it is very enlightening. I'm not so sure that if Ronny's findings were presented to the institutional holders, they wouldn't vote against management on this one. The dilutive effect on shareholder value is quite strong and it effects them as well. Of course one could simply sell his shares and not worry about it but I believe that there are a number of longs that wouldn't go so quietly while these relative newcomers continue enriching themselves. Perhaps this portrayal of management isn't fair but that is why I suggested entering into discussions with management over the subject. Even though I made the suggestion, I realize the unlikelyhood of any thing happening. Nevertheless, this matter should not go away as it is one that deserves discussion.

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