Michael ... agreed .. on all counts
My "confusion" about (1) the benefits of the original deal, (2) the no collar arrangement, (2) the selloff of ISLI by a large private investment group, (3) the 50% MIFGY drop between the deal announcement and finalization, (4) the NON re-statement of the opinion letters after prospectus and before closing, (5) the presumed support for the deal by the large institutional holders, (6) the downgrade after the deal closed by a party (I think) to the deal, (7) the further stock price disintegration, (8) the earnings warning, (9) the "disappearance" of US Y2K revenues and growth, (10) the missing Y2K remediation piece, (11) Walters resignation and Greenfield's ascension.... are confusing to say the least.
Something, someone, somefirm, some??? intentionally screwed us, the shareholders. I DO NOT KNOW WHO/WHAT/WHE/HOW nor DO I KNOW HOW TO UNCOVER THE NEEDED INFO ...BUT the class-action firms DO. THIS needs, I MUST have, ALL shareholders DESERVE ...a LOOK SEE !!
FWIW, one of the firms filing on Friday representing a shareholder is Milberg, Weiss , et al (MW) ... MW is one of the largest, if not the largest ones representing actions such as this .. MW is huge and has tremendous depth ... CNBC/NY TIMES/etc have had numerous articles about them. MW is also NOT stupid and are formidable .. tis a great firm to use.
Believe me, I AM IRRITATED by #1 rhru #11 above (and #12-xx that I'm not aware of) ... again, I AM NOT A SUER, BUT don't we deserve an accounting ???
Michael |
