Richard, here is the response from AOL:
Subj: Re:SI Post re:PIPE
Date: 97-03-09 17:23:43 EST
From: CCTHDAY
You guys are idiots, pardon my arrogance. This is the same Adams who screwed the stockholders last year by keeping $700,000 in bonuses so that the company basically broke even instead of reporting EPS numers consistent with FY1995, which would have kept the price at the 10-12 range. Adams has to say these things, because there are only 90 or so holders, many of which are going to dump at 8 to 10 or so.
If Adams is saying that 12+ is in the next 4-5 months, just laugh. He has been saying for 9 months how Q4 1996 would be incredible, but softened his stance when we talked to him last week. Now it's Q1 1997, another 2 months out. This is a decent stock, worth a risk, but don't post garbage about how people who bought at 12 will be happy...When Adams shows ethics, lowers his and his brother's salaries, and takes no bonus for the disappointing stock performance, THEN this may be as attractive as he claims.
Hope for 7-9 range and get out with a tidy 70% or so, but don't post the SI crap here, and DON'T EVER listen to Mr. Adams, he is hearing impaired from his last bonus.
Don't bet the ranch folks... |
