Re: Contract with Bessemer Trust. Don't know how many folks read this
board that don't have access to AOL Message Board, so FWIW I'll post
this from AOL:
Well, I must say that I had never heard of a Bessemer Trust. It's now
easy to see why, i.e.according to the following, I've gotta have at
least $5M before they'll talk to me.
netvigator.com
Excerpts:
<<March 3, 1997
TAKING RISKS WITH THE RICH
Robert Elliott of Bessemer Trust manages money for folks like George
Bush. What's he doing for them? Would you believe stocks and real
estate?
Lawrence A. Armour; Robert Elliott
If you aren't a member of the ruling class but would like to invest
like one, read on. The $13 billion Bessemer Trust, which describes
itself as a financial and investment adviser to individuals of
substantial wealth, was founded in 1907 to steer the descendants of
Carnegie Steel's Henry Phipps over the financial shoals. Now the firm
also manages money for ordinary folks--provided they have $5 million
to invest--a group that include former President George Bush, 45 CEOs
of FORTUNE 1,000 companies, and a handful of ex-Treasury Secretaries
(Don Regan, Nick Brady, and Lloyd Bentsen).>>
After reading the press release & being somewhat less than ecstatic
(co. I wasn't familiar with, $1M contract), I called Greg at ICC &
asked if I should be excited about this. He said, "YES, this is BIG."
After reading the above, I tend to agree. IMHO, looks like the big
leagues to me.
Shouldn't make assumptions, but I'll bet it's safe to say that "The
Street" will soon know of this contract. IMHO again, the value to ZMAX (and
its shareholders) lies much more in the significance than than the
$ amount. From what little I now know about Bessemer Trust, looks
like they tend to be interested in "The BEST", not "The REST".
Now I must go & continue my practice on PATIENCE.
Good luck all,
David |
