The question was vague, the answer more so.
The questioner asked something like "Are you still expecting double digit or 20% growth in revenues this year?" Koo answered something like, "Yes... (pause)... the 2nd and 3rd quarters will be slow, but the 4th quarter will be very good."
The implication was that Nam Tai will see 20% growth in revenues this year. I've talked to another person who heard the call, and they got the same impression. But I can't really see how this is going to happen (excluding revenues coming from an acquisition, and even in that case it will be difficult).
I talked to an SEC official today, and am writing up a complaint. If anyone would like the text of my complaint, and would like to send their own complaint, send me an e-mail (click on my profile to get my e-mail address). The SEC address is:
Attention: Investor Assistance
450 Fifth Street NW
Washington, D.C. 20549
To the thread:
If we don't stop Koo from continuing to misuse his fiduciary responsibilities, and profiting from these insider trades, then we will never realize the full value of our investments. The market will always discount the value of the shares based on Koo's credibility issue. Remember, he has about $90M of our money at his disposal right now (not a comforting thought, seeing how he just spent the last $9.45M). I encourage shareholders to complain to the SEC about Koo's insider trades.
These are my interpretations and opinions.
Paul |
