Greg, your comment
No press release after the aforementioned one actually confirmed that date!
encouraged me to go back and see what Millis responded to my questions. Interestingly, I found in a communication with Millis dated December 02, 1998, the following conflicting statements:
1) Has the annual meeting been scheduled?>NO, NOT FOR ANY OF THE THREE COMPANIES IN WHICH YOU NOW OWN STOCK.
>5) From whom or when will financial information be available on CSMS, >Adhat, or Etec?FROM THE RESPECTIVE COMPANIES, AGAIN WHEN THEY SEE FIT TO PROVIDE IT. .............THERE IS NOTHING TO DO OR DECIDED UPON FOR ANY OF YOU AT THIS POINT. WHEN THE TIME COMES FOR DECISION MAKING, SUCH AS TO BUY MORE OR TO SELL THE SHARES YOU NOW HAVE (OR SOON WILL HAVE), THEN THE COMPANIES WILL GIVE YOU THE INFORMATION NECESSARY FOR YOU TO MAKE AN INFORMED DECISION.
Well, I wonder, do I own the spin-off shares, or not? We have a company press release saying
on or near October 20, 1998. That date will be later confirmed as well.
We have a NDB broker telling Mr. Jaffe that a distribution date has not been declared.
Millis told Mr. Williams the distribution date was October 21st.
And Millis tells me on 12/02 "shares I have, or soon will have". BTW, nothing is showing up in my Fidelity account.
It seems like the company would have made an official announcement if the date was confirmed. Sounds pretty important to me for at least this one thing to have been done right! With the track record of this company, it may not be unreasonable to question this apparent oversight. Since I still own all my CSMA shares, I'm not all that concerned, except for the possible, apparent deception.
Does anyone else have a response from Millis which conflicts with the 10/21 date?
K.Joseph
|
