To: Condor who wrote (3750 ) 1/16/2000 11:55:00 PM From: Crazy Canuck Read Replies (1) | Respond to of 5053
I just went back and reread the DD Keith put together on this company. This DD was responsible for many investors buying shares in this stock. His information was written so that it was basically a statement of facts. I like reading it because there was no excess hyperbole used to get the message out. In my opinion, the story spoke for itself. When I first begin to take a hard look at any company as a potential investment, I generally tend to start looking at whether the management of a company has the depth of knowledge, experience and leadership skills to carry their business plans to maturity. There are too many companies run by creative kids, or inexperienced adults who can't grow their ideas past the start up stage. As I am fully aware that when I make an investment, I am entrusting my own family's hard earned money in a business. I promise you that I want to be sure that when I do that, I want to be comfortable that the head of the business knows what to do to maximize that businesses potential and protect our investment in it. On that note, this section of Keith's report stands out for me. _____________________________WILLIAM STAUDT (President, co-CEO) Mr. Staudt was appointed President and co-CEO in October 1999. As their new president he brings some impressive credentials to the position. Background - Mr. Staudt has been actively engaged in the merchant banking and buyout business for over 25 years. He is a graduate of both Yale University and the University of Michigan Law School. Earlier in his career, Mr. Staudt worked for A.G. Becker Inc., a merchant banking firm that was later taken over by Merrill Lynch. As a principal with Hamilton Capital Partners (located in White Plains, NY), which he helped found in 1990, he has been involved in numerous in leveraged buyouts throughout his career. Mr. Staudt's past business record is very impressive. An interesting excerpt from a recent CSW Streetwire report that illustrates this: "he sponsored the acquisition of a company for an estimated $15-million (U.S.) through a financing deal. The company was sold three years later for approximately $240-million (U.S.)". His ability to secure an investment in a hot Internet IPO (Medsite.com) coming out in the next quarter demonstrates the powerful connections Mr. Staudt has in the business sector. Mr. Staudt, has a tremendous amount of investment experience. Many of the new Internet or technology companies are being run by the same young entrepreneurs who started them. These people are experts in the areas that are core to their business, however they often require guidance as they grow their business past the start up stage. What many of them require is guidance on financing, business plans, strategic long term visioning, and mergers & acquisitions. Bill Staudt brings to the table a maturity and depth of experience in all of these areas. As a result of Mr. Staudt's years of experience in this area, he has made many friends and business acquaintances who know of his abilities. For a growing company, (which is about to go public) this set of skills is exactly what these firms need. During the past 12 months Mr. Staudt, through his private account and Hamilton Capital Partners, has purchased 1,300,000 shares and presently holds options to purchase another 1,000,000 shares. Message 11875877 Crazy Canuk