INSP Investors Research Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : INSP Investors Research

INSP 86.32

+17.2%

12:35 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KLP who wrote (689)	9/13/2002 11:53:47 PM
From: howsmydrivingal	of 787

Did you read the recent articles in the WSJ and NYT regarding the perks of our corporate elites? How bout the one where it explained a millionairs' club type of outfit where it was illegal to be a member if you had less than 5 million dollars worth of shares? The jest of the article talks of CEO types that have large concentration of shares. They throw these shares into a pool and agree to leave them alone for seven years (for a specific tax benefit). After that period they take out like-in-kind shares of other contributors shares and go on their merry way. Forget about the appreciation of the original controbution as the records are all but unkept. Law is written to prohibit participants to even discuss this investment stratagies. This story was leaked to the papers. Forgiven multimillion dollar loans, GE boss can wipe his ass with 100 bills along with almost anything else he wants in his retirement...funded by the company, boards of directors in bed with management.... Notice how XOXO is undergoing all but a private bankruptcy and the old equity holders are given nothing? Same with GX. COVD did preserve some common holder equity along with MCLD (although MCLD preferred holders got a much better deal). Many other companies simply drove the common holders into the ground. It is a wonder I even risk another dime in these markets. Still, I believe that Jain has been busier attempting to get things to work out rather than figuring how to scam. I am sure he is not the best CEO for the company, just look at the past employee lawsuits, his abrasive treatment of wall street, and exodus of management. He called many things before their time, but CEO, I am glad to see the search continue. Hopefully, he does not attempt to keep total control after a decision is made.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next