SI
SI
discoversearch

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.
Technology Stocks : Allen-Vanguard Rescue Board
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: iaden who wrote (113)9/18/2009 5:15:34 AM
From: sixtieskid_EXSH  Read Replies (1) of 724
 
Glad you found us. We need more voices in this fiasco. This weekend I will go through the statements carefully and draft a letter. In the Financial Post column, one key point is missing. This company has never talked about BK. I can't find any statement that shows a negative book value. This deal is akin to finding a huge diamond mine, saying I ran out of cash so now I'll sell the mine for the cash I owe. It doesn't address any future earnings potential to which shareholders have a right to be compensated for. Nor, in light of recent write downs of major assets, do I trust the valuations. As recently as this summer David Luxton was talking about future expansion. This hardly seems to make any sense if the company was basically "worthless". The RCMP need to see who was suppressing the price of the stock over the last several months. We all know the stock was being held down. Finally we need to ask for immediate dismissal of David Luxton, cancellation of the Versa deal and that they be excluded from any future dealings with Allen-Vanguard and I would request choosing a new accounting firm which can properly evaluate past purchases as not only to present value but future earnings potential. Only when those numbers are in can we decide on a fair selling price which would be beneficial to all groups concerned.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News