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To: Vanni Resta who wrote (4485)1/28/1998 9:03:00 PM
From: George Landin  Respond to of 9798
 
You wrote: "Does anyone know if it is a common gambit for management to tank a stock price deliberately, making it cheaper for the acquirer, in exchange for some "back door" personal acknowledgement of that benefit by the acquirer?"

Managers didn't owe me anything... I thank'm for the tank. Just wishing I had put more $ in the pot... after all it was a traditional tripple bottom tank.

But then again, you may be right in the end.

GO COS!!

G.L.



To: Vanni Resta who wrote (4485)1/29/1998 9:24:00 AM
From: Mr. Bean  Respond to of 9798
 
Take a look at iStar (WWW TSE) / PsiNet buyout. Makes me sick.
There should be a either a law to disallow this type of mass ripoff for personal gain or a course in "Real investing 101" before you are able to trade stocks. It an expensive way to educate the uneducated.

I wish the press (Andrew!) would publish a series of articles outlining the risks associated, not with the performance of the companies but rather what management can legally do to rip off investors. Sometimes I think management should not own stock in the companies they manage but that would punish the honest by a few deeds of the dishonest.

JMHO

Mr. Bean