yeah I kinda agree bob, though hard to even verify if this guy is the CEO, I mean I hope he is, and I want to assume he is on the up and up,
but Mr. Macleary, you tell us that the stock is undervalued, and then you say that you want to show respect for management by not speaking up at the meeting....you lowball us with $10(essentially insulting management, though I woulda took it)then you say the stock is gonna be stuck at $6-7 for 98 because of IXC yet rumor has it you still want to bid on the company.
If what I said makes no sense, it is because I am having trouble figuring out what you're saying.
Now in all fairness to our future CEO(smile), his offer was a 30+% premium. It's not his fault that PSIX is such an underperformer. 30+% premium in any other company would be welcomed with open arms. I understand PSIX management feels the stock could be worth a lot more, but I don't think their investors have much faith in them anymore. I have lost mine, for one, and would welcome Mr. Macleary in to take the reins.
regards,
cg |
