afrayem, When you first put this baby on Auric Golfingers Short Sell List several months ago, I never thought that anyone would be dumb enough to fall for the trap and provide us all these cheap shares. But it looks like you did it to them again :-)
I did a little research on several stocks that you were the initial post here on SI and in all that I found, while most ultimately collapsed, they all seemed to made several fold moves upside before the fall. Some like CDDD went up several thousand percent before the collapse. Now you have them in trouble again with VNWC. By every conventional bit of wisdom and surface research, this company should have been in the pinks or worse by now, so I guess I can't blame them for falling into your trap. But you can't really blame them, just their greed. How were they to know that the same team that took a little start up company like IPC Comm/IXNet from nothing to a $3.2 billion buyout in just six years, would jump in right at the brink and fund a $29 million dollar reversal in this company.
The Team (VNWC's new controlling Directors, Walsh is now Chairman)
David A. Walsh, 40--Director. Mr. Walsh is a partner with One Equity Partners, which manages $3.5 billion of investments for Bank One Corporation. Mr. Walsh is also Chairman of Moneyline Telerate, which is majority owned by One Equity Partners. From 2000 to 2001, Mr. Walsh served as President and Chief Operating Officer of Global Crossing Ltd. Prior to that he served as Co-Chief Operating Officer - Sales & Marketing following the completion of Global Crossing's acquisition of IXnet, Inc. and IPC Communications, Inc. in June 2000. Mr. Walsh founded IXnet in 1993 and served as Chief Executive Officer of IXnet and IPC prior to their acquisition by Global Crossing.
Jonathan Robson, 43--Director. Mr. Robson is Chief Executive Officer of Moneyline. Mr. Robson co-founded MoneyLine Network, Inc. in 1998. From 1992 to 1998, Mr. Robson was Senior Vice President of Global Marketing for Dow Jones Markets, Inc. From 1987 to 1992, Mr. Robson was Regional Director of Sales and Marketing for Telerate Asia/Pacific. Prior to Telerate Asia/Pacific, Mr. Robson spent 10 years with BIS Banking Systems (now Mysis). In addition, from 1997 to 2001 Mr. Robson served as a member of the board of directors for Garban Intercapital plc.
Alexander Russo, 44--Director. Mr. Russo became Executive Vice President--Corporate Development and General Counsel of Moneyline in 2001. Previously, Mr. Russo served as Managing Director of Global Crossing Financial Markets from 2000 to 2001 after the completion, in June 2000, of Global Crossing's acquisition of IXnet, Inc. and IPC Communications, Inc. Mr. Russo had served as Senior Vice President and General Counsel of IXnet and IPC prior to that acquisition. Mr. Russo practiced law at Skadden, Arps, Slate, Meagher & Flom LLP, specializing in Mergers & Acquisitions.
Charles Auster, 50--Director. Mr. Auster is a partner with One Equity Partners, which manages $3.5 billion of investments for Bank One Corporation. From June 2000 through November 2001, Mr. Auster served as President, Chief Executive Officer, and a member of the board of directors of Infocrossing, Inc. From February 1998 until June 2000, Mr. Auster was Executive Vice President, Chief Operating Officer and a member of the board of directors of IXnet, Ltd. Previously, Mr. Auster was President, Chief Executive Officer, and a member of the board of directors of Voyager Networks, Inc. Mr. Auster is an attorney and is admitted to practice in both the District of Columbia and the Commonwealth of Virginia.
The Buyout
globalcrossing.com
(bottom of page 2. And yes, they cashed out and left long before GX's problems arose)
And you know what, these young guys think that VNWC with the B2B aquisition and the cash, has bigger potential than IPC Comm/IXNet and from the looks of all the buying in this stock in spite of its past ugliness, tells me that their friends (and my friends) believe it too.
afrayem, this could be your biggest winner ever, and this one might just never collapse. Keep up the good work and drag in those sellers! |
