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Danny Detail

05/27/03 6:29 PM

#28689 RE: loophole73 #28680

Loop .. If people ran from an investment because they were a little skeptical of management, there would be no market.

I'm glad I have you laughing because you have got me shaking my head. Do you really think I was referring to people on this board who are "little skeptical" of management? Every investor should be a little skeptical of management. But when they become very skeptical they should be an ex-investor, period or at least that is what I have been taught. I guess I've got a lot more to learn about investing than I realized. BTW, have you ever heard a broker tell you that there is a company with incompetent management that he thinks you should buy?

Now who do you suppose is responsible for deciding what kind of licensing man should be hired and then going out and finding him. Hint: it is a "non-engineer management guy." I guess you don't think that they have done that right either along with a whole bunch of other things you've suggested from time to time they have fallen short on. You have also stated emphatically that they don't need any more of what they have emphatically said they do need to build shareholder value .. the "O" word. Where does that put you on the skeptical scale from a little to very?


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tlezer

05/27/03 9:41 PM

#28724 RE: loophole73 #28680

Good post loophole.

You mentioned that we have basically been on the brink, and I agree. Moreover, I think that management has brought us a good way toward a watershed event. However, my frustration lies in that management is already being rewarded, imo handsomely, and we still seem to be a long way from the goal.

Moreover, it feels like we are happily providing them with the tools to not only reap rewards regardless of how successfull they are at their jobs, but at our expense as the dilution holds down the share price.

All this talk about either you're with management or you should sell is silly. It is not a black or white decision, it is not improper to question management, openly, publicly, it is not improper to vote against their recommendations. What does being a shareholder mean?