donjuan, time to cover shorts has finally arrived!! My take:
-Wendt got a richly deserved package .
-He has a reputation to defend:He will turn CNC around.
-Even his old boss Welch, still trusts him ! ! : he
preferred CNC options to cash !!! He knows
that Gary can turn paper into gold !!! ( better than he can <vbg> )
Don't you love it???
-His pay is performance based: The more CNC goes up, the more he makes.
A win win contract for all, Wendt, CNC, GE, CNC long-stockholders.
One group however obviously here got the deep shaft
CNC Shorts .
Time to cover Amigos,
cheers
TA
PS As soon as CNC gets over 12 I am buying more shares to
establish a n e w day-trading position
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Message #1713 from donjuan_demarco at Jul 10, 2000 9:22 PM
Looks like a lot of longs will be bailing out in the next few days.
They gave Wendt $45,000,000, they gave him over three million shares of stock, they gave him tons of options, and they gave 10 million warrants to GE.
The SEC should really investigate this. CNC shareholders are getting fleeced.
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