Grupo, I'm sure you recall my November-December postings where I suggested that all smart investors should take their tmmi losses in 1997. Nuf said on that point.
As to aggravation, I'm sorry to hear about your blood pressure health problem. My best to you as you follow your doctor's advice. Me? Au contraire - no blood pressure problems. It seems that the only aggravation on this board is felt by those who want to silence me. They think that silence about tmmi's unconventional (to say the least) method of communicating and lack of response to its shareholders is preferable because then unwary lurkers will be drawn into the lair. As far as I'm concerned, I'm the "one if by land, two if by sea" guy until tmmi comes clean with its shareholders in a public forum.
Have you ever attended a shareholders' meeting? Hard questions are asked all the time. In fact, I asked several at FM's annual meeting about their long-delayed lawsuit with Vons. The CEO did a brilliant two-step around my questions but I least shareholders had the chance to see his answer and evaluate his body language. While corporate officers often dodge the questions like seasoned politicians, at least the shareholders have the opportunity to hear them tell their story in a public forum where they are legally responsible for their answers (forward looking statements, etc.). May I suggest to you that I consider myself the public carrion crier while I believe that Larry Panik is the private carrion crier. Both of us are trying to accomplish the same thing - discover whether tmmi is carrion and, if so, fix responsibility for the mess we find ourselves in. When a company can't cough up a measly $7,500, a wise investor uses the sniff test: If it smells rotten, it must be rotten. From my auditing days with Coopers & Lybrand, I can tell you that when you finds worms under one rock, you find them under every rock. I wonder if a public examination of tmmi would provide enough worms (major problems) to supply all of California's trout fishermen with worms on opening day.
Arnie |
