Learmonth & Burchett Management Sys. - LBMSY Message Board

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Technology Stocks : Learmonth & Burchett Management Sys. - LBMSY

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To: richard Moss who wrote (78)	4/15/1998 5:30:00 PM
From: Midas	of 81

The only reasons I can see why the management would agree to pay them so much if the deal falls through are either: 1) They are plain stupid; or 2) They want to force the shareholders to agree with them. In other words, they are acting in their own best interests rather than in dispassionately advising the shareholders on their best interests. Effectively they are making the decisions instead of the shareholders as should be the case. The fee is so high that if the deal does not close, it would have a major impact on the business.The fee is also a lot higher than it realistically needs to be to reflect PLATs costs. Basically the whole thing stinks in my opinion and could be grounds for a shareholder lawsuit against the directors. As regards the merits of PLAT I would not agree with you. This seems to be another classic case of a software company that is unable to generate real profits (in cash terms) for shareholders or add to shareholder value. The management seems to talk good strategic bullshit but the price of the stock rests on hope rather than fundamentals.

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