Thanks so much for taking the time to write that lengthy reply. There are a lot of questions there to research. Your material is all going to Calreton Lutts and I’ll speak also to Jennifer Tardif at PRST for their reaction/responses to specifics. It’s hard for an outsider to assess everything of course, particularly when you say one thing and Cabot and PRST say: WRONG! You do make a good case for the prosecution, I’ll grant you that; but you know that after one hears the prosecution but before one hears the defense, one always thinks, "Hey, great case." It changes when the other side provides its data and perspective. Some thoughts of my own, until I have more specifics: Presstek wins the big prizes; and the two biggest printing press manufacturers in the world think, as do Cabot and many others including LOTS of printers, that they have the greatest and cheapest technology in the world (Heidelberg has agreements with PRST out to 2011); and PRST is working on making it even cheaper with intense R&D and has patents coming out of its ears; and I would sure be happy to have a color image from the technology you think is waiting ominously down the road to see if their spray system can produce anything like the sharp resolution and brilliant color of the PRST Heidelberg prints. Everybody should call or fax PRST for a kit showing the prints. It’s startling how good they are. John, you have no idea how many people have told me the very same sorts of things you’re saying since I started buying PRST in ‘94. My $31 5/8 acps stock is now $162 and poised for a split. I got scared out of some shares at $50 and $60, so you can understand the reason for my skepticism about Presstek bears. Cabot has been right. The bears have been wrong. Go to the poorhouse and ask them! Cabot goes to the plant, researches deeply and found Presstek when it was unknown, and he has staked his entire professional reputation on Presstek. Maybe he won’t be in the stock forever, but he plans to be for 5 to 7 years. And Lutts is no dope. Anyway, some other Presstek shareholders and I want to gather more data and talk to you later.
P.S. Listen, John. Tell me again. It’s really hard to believe, though life does tend to make one awfully cynical: Really and truly, do neither you or your friends who sent you all the way from Oregon to New York to the shareholders meeting because they have "an interest in the technology" have any motivation except to save us presstek shareholders from the consequences of our folly? If it’s really true that you guys have absolutely no vested interest here, then I love you all a lot. That comical expression THANKS FOR CARING comes to mind; but if this energy and time and emotion is being expended for our good, then I do thank you for caring, for real. |
