Shareholder math: (NYSE:FLP) - (NASDAQ:TMSR) = 0.
...this management team simply were/are victims of the Peter Principle(.)...we [early on] called it right on...they fought it, actually hated it...yet locked themselves in with options, bonuses and a further entrenched board before anything could be done...before they [management and Board] allowed anything to be done...given their alleged surprise Q1 loss announcements came after their alleged Board meeting(s) approving Board (re)nominations, management bonuses, profit-sharing, etc....an alleged surprise Q1 loss which increased from a surprise <$0.20> to a revised <$0.29> eps loss...of which management and the Board of Directors are attributing to Q1 '98...let's see if we have this right....announce blindsiding quarterly losses [surprising even management themselves ref/ April 2 announcement] and on the heals of a [management-led] failed secondary, accordingly destroying shareholder value pursuant to said [alleged] consistent patterns of management negligence...yet survive it by grandfathered? (January 1998?) Board meetings pre-approving further Board, bonuses, options, etc... for the non-insider shareholders to vote on...after the fact...after quid pro quo [insider-controlled] approval...and your Board and management team will be all dressed up looking first-class putting on their best face schmoozing the few who show up at said May 21, 1998 Annual Meeting while the [TMSR Board and management]s website ww.thrustmaster.com pathetically looks like a baglady in front of 100 million paradigm-shifted and ensconced Internet-savvy surfers...
...we attempted contacting Kent Koski at appx. 4:15 pm pst pursuant to his press release issued appx. 30 minutes earlier, 3:45 pm pst....again, to no avail...we left [antoher] message in his voice-mail after being forwarded there by TMSRs [voice] secretary, AS A MATTER OF RECORD. |
