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Thirsty Tiger

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Alias Born 10/16/2003

Thirsty Tiger

Re: None

Tuesday, 08/16/2005 8:32:02 PM

Tuesday, August 16, 2005 8:32:02 PM

Post# of 275594
WHAI – CEO resigns minutes before the CC

http://biz.yahoo.com/bw/050816/165351.html?.v=1

“Mr. McDonald indicated that he was resigning for health and family reasons.

At least that is the official story. Rumors abound on the WHAI board. Some say he was spotted walking to the conference room for the CC, other say he has been hospitalized since Saturday and yet other say he had a nervous breakdown. Of course the rumor of plain old firing is out there as well.

The coincidence of resigning minutes before the CC is just too much and then on top the boiler plate PR.

WHAI dropped 32% or $1.12 to 2.35 at the close. Low was 2.20. I caught the falling knife at 2.36. Minimum bloodshed so far but may have been premature though. If it breaks $2.20 I’ll bail to pick it up lower.

TT



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

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