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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: Edwin S. Fujinaka who wrote (4797)	4/8/2000 4:46:00 PM
From: badon518	Respond to of 6018

edwin, i think you've hit the nail on the head. obviously shigeta has abused his position on the board of directors for his personal gain at the expense of the company he was director of. here, he would face some pretty serious legal consequences for something like that. equally obviously, someone in sftbf leaked discussions of the board of directors to the press, specifically the spo stuff and perhaps other things which were presented to the board in entirely different contexts than what has appeared in the media (perhaps the whole cash flow thing)(again, i suspect shigeta, but i must concede i have no knowledge). while i doubt a wide ranging conspiracy against sftbf, a successful conspiracy really only needs two people. in this case, i would not be surprised at all to learn that a highly placed insider at sftbf is intentionally or unintentionally doing things to sftbf, like the leaks. if the insider has a couple of chums in the media, or even one with the right connections, you have your conspiracy. one well placed article easily creates a feeding frenzy with others trying not to be scooped or outdone. i wonder about directors' duty of loyalty, corporate opportunity doctrine, and other issues of corporate governance under japanese law. i will rest easier when shigeta leaves the board. do they have shareholder derivative lawsuits in japan? <G>

To: Edwin S. Fujinaka who wrote (4797)	4/8/2000 5:06:00 PM
From: badon518	Read Replies (2) \| Respond to of 6018

as further thought on the "bad insider" theory, a well placed member of the board of directors or other high insider who wanted to do in sftbf for some reason, could through connections with institutions, induce them to sell with leaked and spun inside information. thus, despite analyses similar to net's, they may well figure they have the true inside scoop on the company and sell. the insider's credibility could overcome other contrary analyses. if the insider's wrong, they buy back on the way up-- if he's right, they avoid the bottom. the problem for shigeta in this part is that the market has been harsher on his own company than on sftbf. but it may be easier to persuade funds to sell than it is to get them to buy. jmho.