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TheNoviceChicago

12/16/08 2:05 PM

#26670 RE: flyinbrian17 #26669

Or you could look at it like this. CEO gets paid with cash after dumping lots and lots of shares. Then r/s shows how this is nowhere near rock bottom. Pump, dump, r/s, repeat. It's nothing new. I don't see any possibility of a ride up. The pump has been attempted. Not working this time. And yet, they are dumping anyway. As I posted before, IF the new CEO was really concerned with shareholders, this "cash dividend" would be paid directly to common shareholders, rather than their roundabout way of handling it. Of course, if they HAD any real funds, a buyback would make more sense, rather than a dump. Why do people think a new CEO in any scam changes anything? My experience tells me that a scam is a scam, no matter who takes it over. We'll see.
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tax_man

12/16/08 3:58 PM

#26674 RE: flyinbrian17 #26669

Nonsense. The argument that it's in their best interest (the execs) to run the company legitimately to lift the price responsibly doesn't bear out. Just look at the history, the pattern for more than 2 years now.

The fact is, they're making more money from dumping and by bleeding shareholders dry than they could ever hope to make from running the business legitimately, which they'd most likely be incapable of doing regardless.

It's a nice theory -- to say that since they're paying themselves in stock it's in their best interest to raise the stock price -- but it's nonsense. These execs have long been paying themselves in stock (among other forms of payment) yet the price has plummeted.

They're making their money in other ways and aren't interested in running the business legitimately.
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Molive

12/16/08 6:25 PM

#26678 RE: flyinbrian17 #26669

HI Flying/////cut your losses and the headaches. Join the few on this site that are warning the newbies.