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: knuckls who wrote (160)9/18/2009 9:08:32 PM
From: beaverfever1 Recommendation   of 724
 
www.integratir.com/overview.asp?ticker=t.vrs&title=null

media.integratir.com/T.VRS/ppt/FAQ.pdf

HOGWASH

I do not believe for one second ANYTHING that Allen-Vanguard says. Actions speak louder than words.
Ethics and integrity are evidently something that are not valued highly.
Their timing in their need to address shareholders is questionable. Why not address shareholders the same day you announced the rip-off ?

The only thing I can think of is that certain VRS contacts have made their displeasure known to management - maybe as a result of one or more emails.

Mr Luxton, we know you read this board - stop this deal, listen to your conscience. You will gain respect that you thought was lost. You will sleep better, and help thousands of shareholders sleep better.

Your wonderful letter to shareholders leaves out a serious question:

Why NOT use CCAA protection ?

The most likely reason is that CCAA protection requires that Allen-Vanguard open its books for review. The massive write downs would get adjusted, parts of the company would get bids from different entities - and SOLD to the HIGHEST bidder.
Shareholders would get PAID, and Luxton and crew would get the boot, instead of scooping millions in upcoming bonuses when VERSA takes the pieces of VRS public.

Sorry Luxton, we don't buy your crap, your gig is up.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext