Unfortunately Gene I don't have any updates over and above what I
have already posted, wish I did. I do want to make a few comments
though.
I, like everyone else, wishes that the company would open the
information vaults some and let us know what they are actually up to.
BUT (and it is a BIG BUT) WRN has been beat on, fairly severely, for
being all hype and no meat, so now that they are not hyping anything,
until it actually becomes reality, we all beat on them for that too.
Now don't get me wrong, I do believe that there is a happy medium
between the 2 approaches, but we may be seeing somewhat of a gun shy
type of reaction.
Now for the speculation issues themselves:
- taking WRN private - I have not heard or seen anything to suggest
this outcome and it would take a pretty fair whack of cash to do
it, with little benefit (IMO)
- contracts - so far I have heard they are negotiating on a couple
but to the best of my knowledge do NOT have them yet, so no news
and all the nay-sayers would be all over them claiming undo hype,
if they were issuing releases without the contracts being complete.
- the "new" venture - there was a business deal that commenced
negotiation at the time that the sale of Taylor to Skytex first
came up. From everything I have heard, this is NOT a done deal.
Again they can't really announce anything until it is.
- as for the general long term direction the company takes, I would
assume it is dependant upon whether we have a rival for Taylor, as
the core business entity, or whether Taylor remains THE focus. If
Taylor is THE focus, then I think the direction is fairly clear and
is just a natural extension of what has been going on for some time
now.
- the Skytex issue - I haven't heard anything new really, about
Skytex, for a while now. I suspect that that scenario is dying, but
honestly can't say for sure.
- Name change/New Exchange - I expect that these will be coincidental
with one another if/when they happen. If the "new" venture comes
about and is as big as it has been suggested it might be, then that
alone may precipitate a name change, also. I have not heard a lot
about an effort to change exchanges, just to change, for quite some
time now.
- Mark Roberts - Mark can't trade in WRN any longer, at least not
until he files his trading reports. That means he is stuck with his
interest in the company. I suspect his interest is still large
enough to warrant his wanting to see WRN fly. He may no longer be
an official of the company, but I do not believe he has evaporated
from the scene either.
I hope this helps some, just my views on some of the issues you have
raised. Take it easy Gene.
Salut,
Leigh McBain |
