You seem to be suggesting (and now I am paraphrasing) that I support stock market manipulation, so long as the ends justify the means. That is absurd. As you should know, to arrive at that determination you must first attribute a host of statements to me which I never made.
Oh dear, John. I believe the big guy was referring to John Bordynuik, so unless you identify very closely with him you have no cause to react in that way. Please continue reading along...
Johnik Share Tuesday, November 23, 2010 10:13:05 PM
Re: jimmenknee post# 78285 Post # of 78356
Thanks jimmenknee. I can see how you could interpret those statement as such. All executives must be focused on maximizing shareholder value though, which of course implicates market value of the shares (not to mention financing opportunities). If the goal was to dump shares on the open market, that would be one thing. If the goal is sustainable growth in the share price, that is something different.
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the big guy Share Tuesday, November 23, 2010 10:54:54 PM
Re: Johnik post# 78308 Post # of 78356
What you are basically saying is.. and this is the crux of the matter... I will attempt to paraphrase..
You purport that JB purposefully raised the share price on the open market via his "Public Market Strategy", with the best intentions of generating interest in another PP at a decent price... in order to use the proceeds to make the company successful, ALL THE WHILE BELIEVING HE WOULD DELIVER AND THE PPS WOULD BE MAINTAINED.
In other words, he was prepared to do whatever he had to do to get the stock price in order to finance success. In your view, that is OK.
AM I CORRECT?
This is bass ackwards to what most observers would think logical, ie., execute, generate earnings to get the stock price up.. THEN do a PP to expand...
However, it has been done before. Frank Dunn cooked the books for Nortel in 2004 in order to get the stock price up, so he could get more favorable debt terms and refinance the company. His predecessor, John Roth, just pumped the stock price up so he could buy all these internet companies for God knows why and feed his huge ego.
also, he bought alot of antique cars, which he happily enjoys in retirement now..
************** Nortel is Bankrupt *****************
Do I more or less have it? The end justifies the means kind of thing?
BECAUSE AT THE END OF THE DAY.. WE HAVE TO ASK OURSELVES.. WHAT THE HECK WILL JB GET OUT OF THIS EXCEPT A JAIL TERM? THEN WHY, WHY, WHY.. I don't know myself.
IS HE A NARCISSIST? (you would have to be..) LOL..
AND WHY, WHY, WHY DID HE DO THAT RESTATEMENT... SIGH..
siliconinvestor.com
Johnik Share Tuesday, November 23, 2010 11:22:14 PM
Re: the big guy post# 78324 Post # of 78356
Wow! You have had some reasonable posts in the past, but this isn't one of them. That is your attempt to paraphrase something I said?! Are you responding to the right post?! Have you really stooped to the level of twisting and manipulating my words to such a great extent?! I did not "purport" any of the statements you claim. Go back and read my posts.
I said that executives must be focused on maximizing shareholder value, which in turn implicates the market value of the shares. The stability and value of the stock in turn affects the company's ability to obtain financing. For further context, look back to the Kaplanis lawsuit, which is what raised this whole "stock promotion" buzz in the first place. Once you are there, read my comments as they relate to that lawsuit. After that, read my comments to jimmenknee where I expressed gratitude and a desire to speak in a cordial manner.
You seem to be suggesting (and now I am paraphrasing) that I support stock market manipulation, so long as the ends justify the means. That is absurd. As you should know, to arrive at that determination you must first attribute a host of statements to me which I never made.
Let's keep things honest around here.
I'm done for tonight.
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