...did you tender your shares or did you just sell? Or are you still deciding?
None of the above. I have not tendered my shares, and don't intend to.
I have been in and out of this stock for about 2 years, watching management let the company who pioneered the hottest technology of the decade wither into an also-ran. Under proper management, we would have been looking at a $60 plus buyout that would have occurred more than a year ago.
So what happens? With the frenzy to acquire networkers, FORE attracts a few suitors. One company alledgedly offers a lucrative stock deal, but apparently have no interest in the management that failed to get FORE to reach their potential. They want the technology, and the few remaining employees that helpe develop it.
Along comes GEC. Now, they could match the larger offer, but why bother. They could offer management secure positions in GEC, and for less than $0.50 a share, let them grant themselves millions in options without being noticed.
Well someone did notice, and now we all know how Gill and pals lined their pockets at our expense. Tendering my shares would be an endorsement of it. Selling them would just allow someone else to tender them.
So I will hold my shares, even at the risk of losing money, rather than see these FORE dickheads benefit from illegal actions and pathetic performance at my expense.
DON'T TENDER YOUR SHARES! If Len, or whoever posted it, was correct, you can 'untender' your shares (but I don't think you can).
James |
