To: MJ who wrote (6259 ) 8/30/1999 10:39:00 PM From: Frederick Smart Read Replies (1) | Respond to of 6570
Greising Responds..... Subj: Re: Zenith Electronics.... Date: 8/30/99 9:32:37 PM Central Daylight Time From: FKSmart To: dgreising@tribune.com In a message dated 8/30/99 12:02:35 PM Central Daylight Time, dgreising@tribune.com writes: << I'm checking into some of this. Thanks for your note. dg >> David: You'd be the "Bob Green" of the financial world if you decided to really investigate and write the truth about this situation. I'm not kidding when I say.... "The entire future of our great, open, financial markets could hinge on this case. The future security of ALL the public shareholders in our great nation will hinge on this case." For US financial markets, this is like bundling Whitewater and the Savings and Loan fiasco together. The public hasn't heard this story. As brand names go, Zenith is as American as Apple Pie. I've spoken with former Zenith employees. They all say that LG ramrodded the company - gutting it purposely. Zenith has some extremely valuable assets which are being stolen from US equity shareholders. I sold all but 45 shares of my Zenith stock at around $11. I've owned it since 1985-86 - seen all the changes. I went public with my "smell test" research when I found out Zenith inexplicably pulled their TVs from Best Buy. I did my own research during 1998 and found store managers from Circuit City, Best Buy and other places tell me that Zenith seemed to be pulling the plug at a time when they actually had some great new products. That's when I suspected LG was going to "bag" this thing. It's one thing to go down fair and square while fighting, but this company simply went into a corrupt, secretive unnatural lock down mode. Wiping out the public shareholders in this way will send a HUGE "open season" signal to a ton of other corrupt individuals who will move into bag more US prizes. With LG they had NOTHING to lose. Loan Zenith money, shut down operations, make sure things fail and then bag the shareholders. Heads I Win. Tails you Lose. This is NOT what makes for a honest equity market. I'm ashamed and surprised this story hasn't gotten out yet. Peace. Fred Smart Smart Bandwidth, LLC