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Non-Tech : Coinmachine Laundry -- WDRY
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To: Mama Bear who wrote (24)2/15/1998 5:14:00 AM
From: Bill Wexler  Read Replies (1) of 116
 
Sophisticated investors understand.....

WDRY has completed step two in the "guaranteed kiss of death" process by being STUPID enough to actually issue a press release addressing Asensio's claims!

What really struck me as funny was the similarity of certain key phrases to Avant's shrill press release:

biz.yahoo.com

<<Sophisticated investors recognize value and performance. They understand that a short-seller is motivated only to publicly bad-mouth stocks they are betting against in hopes of creating a self-fulfilling prophecy. Asensio's misleading, exaggerated attacks may continue. Avant! expects its technological breakthroughs and business success to continue as well. >>

and WDRY remarks:

<<Stephen R. Kerrigan, Coinmach's chairman and chief executive officer, stated, "I believe that sophisticated investors recognize value and performance, which Coinmach has and will strive to continue to deliver. Investors understand that short-sellers are financially motivated institutions, shorting stocks with a view toward generating quick profits." >>

Sophisticated investors who bought Diana at 100 now have worthless stock.
Sophisticated investors who bought Solv-ex at 30 now have worthless stock.
Sophisticated investors who bought ERGB at 15 now have stock worth 6.
Sophisticated investors who bought ZONA at 45 now have stock worth 22.
Sophisticated investors who bought BTIM at 27 now have stock worth 17.
Sophisticated investors who bought AVNT at 35 now have stock worth 15.
Sophisticated investors who bought WDRY at 32 now have stock worth 21.
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