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Non-Tech : Amati investors -- Ignore unavailable to you. Want to Upgrade?


To: Jerome Block who wrote (28964)11/19/1997 5:55:00 PM
From: Frank Ferrari  Read Replies (1) | Respond to of 31386
 
If the company feels that their short term cash flow problems are putting the company at risk and they accept an offer for 133% of the current market price - how are they not fulfilling fudiciary responsibility, I just do not see it.

Cheers
Frank



To: Jerome Block who wrote (28964)11/19/1997 10:04:00 PM
From: Bernie Diamond  Respond to of 31386
 
(fiduciary responsibility/legal)

Jerome, too early to consider. We don't have enough facts to support those kinds of allegations. In the cases that are successfully litigated (Class actions) you're correct that the litigants get pennies on the dollar and the bulk of any settlement goes to the lawyers.

Bernie
p.s. sorry for the delayed response. I was out.



To: Jerome Block who wrote (28964)11/19/1997 11:21:00 PM
From: Cliff Wood  Respond to of 31386
 
(The Jackels Circle) I have no doubt that some enterprising tort lawyer is already working on the case. Personally, I would rather stay away from them. Some of the slime might rub off. Lets no forget the possible downside to a delay. We know AMTX is very short of cash. If the deal fails, do the staff hit the bricks because AMTX misses some pay days. What is AMTX worth to another firm without the staff of talented people. After all, they can license the existing technology, pirate the people and hire someone to make the modems. I am disappointed too but we should not be too quick to judge since we are not walking in the moccosins of J.S. etc. Regards:Cliff



To: Jerome Block who wrote (28964)11/20/1997 12:52:00 AM
From: ratan lal  Read Replies (1) | Respond to of 31386
 
Jerome

<< What
could a lawyer do? I don't know. I don't know. I don't know. >>

Dont even think about it. AMTX is a public co. Anyone can buy any no. of shares as long as it is on the up and up. If shareholders dont want to sell no one is forcing them to do so.

The main reason of course is that AMTX does not have the money to continue to be in business witness the $5 mil loan from WSTL. A lawsuit will sign the death knell for AMTX. If a lawyer ever gets involved, I will be out faster than the buffalo stampede caused by the wolves.

BTW - what do you call a lawyer at the bottom of the ocean
A good start.
What do you call a 1000 lawyers at the bottom of the ocean
A very good start.

Ratan