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Non-Tech : The Enron Scandal - Unmoderated
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To: bonnuss_in_austin who wrote (835)1/28/2002 8:51:11 PM
From: Raymond Duray  Read Replies (1) of 3602
 
bia,

Thanks for the kind words.

I was a GBLX speculator as well. Though I overstayed my welcome and did little more than break even. It was a nice ride until they tried to buy U.S. Worst. Then it got really arrogant and loonie. The Bermuda domicile waa a red flag. Winnick, hisself, was a red flag, I actually read the prospectus, proxies and an annual report or two and the capital structure was a red flag. GX was designed to blow up in the face of the stupid retail "investor". It was just a matter of time. There's no question but what Winnick is guilty of thieving from the pensioners at Frontier. It's a crying shame our capitalist system allows honest employees to be destroyed through no fault of their own. <no grin>

Salaams, Ray
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