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Norfolk

05/20/03 11:15 PM

#27166 RE: sophist #27160

sophist: the bottom line is the BOARD HAS ITS DUTY TO THE SHAREHOLDERS..............PERIOD...and they can make life rough for the Executive Body......shareholder activism?........please....are you saying that buy , sell or hold is all we got as shareholders?.............When I worked in the Railroad world awhile back, the board didnt make a single decision without having the impact of the shareholders in mind...........and a lot of times that pissed off the employees...........but the board always did what was right for the OWNERS..................however big or small.............Norfolk
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bulldzr

05/20/03 11:20 PM

#27169 RE: sophist #27160

Don't worry sophist...if the pattern holds there will be more 4's coming...and unless I missed something it was Colson that chose the timing, not anybody on this board.
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JimLur

05/21/03 12:50 AM

#27190 RE: sophist #27160

sophist , You said "why should a long term shareholder care if insider's collectively sell some small percentage of their collectively held shares?

I agree with that but what Colson sold was given to him. He only bought 2000 shares when he was appointed to the board a few years ago. If a member of the board buys shares it requires a SEC filing.

I need to know what Colson, Clontz, Roath, and the rest of the board members have done to help or add value to this company?

Colson bought 2000 shares when he was appointed a few years ago and makes about $16,000 a year as a member of the board and now sells 50,000 shares?