At 11:55am EST, shares of CREATIVE TECHNOLOGY rose 2-1/16 to 8-1/16
after the multimedia company was raised to buy from market perform
by analyst John Rossi at Robertson, Stephens & Co. (11-29-96)
CREAF has endured an IPO, a $1.5 billion market cap, MVIS chapter 11, and then walked the valley of death sustaining a loss of over $1 billion in market cap, losses approaching $100 million in the last year...and as of friday CREAF increased its market cap over $160 million.
Thrustmaster is also at a major turning point coming into the market only five years ago and is currently negotiating a 52 week high.
On Septemeber 22, 1996 American Brands issued a statement declaring the superiority of Gravis' management concomitant with their tender offer waiver making them Gravis' largest shareholder.
What are we missing here? Can McCarthy Tetrault, Barry Fraser, Richard Groome (Groome Capital Management), Mike Cooper (NASDAQ:KTCC), John Campbell (CW Capital), Carlton Baab (NASDAQ:CKSG), Larry Miller (TV Guide on screen), Grant Russell et al all have their cake and eat it too?...how do they make the company look as bad as possible to justify an alleged fraudulent proxy and tender offer yet be able to get (NYSE:AMB) to issue said Sep 22 statement about management?...or, in other words, how did the outside shareholders get < $.05 on the dollar for their shares pursuant to alleged extortion, proxy and tender fraud and criminal gross negligence and a management and board whom held virtually no ownership in the company (and about to be removed for cause) emerge with their positions in tact and heroes in the eyes of (NYSE:AMB)?... |
