SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?


To: jeffbas who wrote (450)12/4/1997 8:38:00 PM
From: david siple  Read Replies (2) | Respond to of 4155
 
I have to agree with you, Jeffrey.Here's my quip on "how I almost became a shareholder of CNC."
I began following this thread last month-- because of what I saw on the Insider's Trading last month. I thought the "transactions" were rather "unusual": have never seen that big of an Insider's Purchase before. Looked into what other broker's were saying about CNC and did some due dilligence concerning Fundamentals, etc. then looked at my Portfolio-- saw that I could use an Ins. Co in there and decided to BUY.
However, I needed a few days to get the cash up.. By the time I had the cash in the right account, this Dirk thing comes out...
To make my long story shorter:
I chose to stay the hell away from CNC. Yes, because of Dirk's article. I am Glad that I did not buy. Bre X stories are too fresh in my head. Let's just say that Dirk has NO idea or credence to what he claims: Then why doesn't CNC come out and say something? Why haven't they sued him?? You or I could never get away with that kind of slander-- if that's what it is-- and not get sued.
I read over a lot of his comments on his web site: how could anyone simply "imagine" all that and get away with it? They can't. I don't know the story, but I do know that it doesn't add up.
Good Luck to all those that choose to hold. I'll find it interesting to see how it all pans out. Logic says: Dirk gets sued and/or CNC persons go to jail. For the simple fact that Dirk discouraged me and lot of "me's," I am sure, you'd think CNC would press some sort of charges.
Either Dirk's- a- Jerk or CNC is hiding something. Browse through Derk's website and let me know what you think. I am so sick of the individual investor getting hood-winked. IMHO
ds



To: jeffbas who wrote (450)12/4/1997 9:51:00 PM
From: M.A. Miller  Respond to of 4155
 
If the execs defaulted on the bank loans, and CNC had to guarantee, then CNC would have a fiduciary duty to its shareholders to proceed against the execs. No doubt in my mind. And if the Board didn't pursue the execs, they would face personally liability themselves.

It is a legitimate transaction and no default will occur so its a mute point.