To: Harold who wrote (2091 ) 2/17/1998 10:23:00 AM From: Gary Green Read Replies (3) | Respond to of 3369
TO Harold's Wife: Spare me the pschyo-babble crap- The new investors are sharks! Those who are involved with this new investment are not ordinary folks who bought their shares on NASDAQ like I did (and probably you did too); rather, they put up $1.5 million to grab a huge chunk of the company, with the result that the stock will be diluted, my shares are now permanently doomed to sell for chump change and the company has degenerated into a public shell that is in service to the insiders and private placement holders at the expense of the regular public shareholders. You can be a cheerleader for your executioner, and you can follow a Golden Rule philosophy for a group of money managers who see you as grist for their own investment killing, but I prefer to call it for what it is, and to hope they fail. For you to use the word "greed" in your comments as a description of my investment is, not only insulting and stupid, it reeks of someone who has either no investment in SALV herself, or who bought the stock at 25 cents a share. If you had believed the now-seemingly false announcements that had been issued by management since August of 1995, and bought in at the artificially high prices that I did (based on a naive view that the announcements were honest), and if you then loyally held the stock during its decline because you believed the company's follow up announcements, you would have insight and empathy, and certainly would recognize that "greed" is a ridiculous word to use under the circumstances. I never expected quick profits nor did I expect a bonanza; I also did not expect to be hosed. As a realist, I recognize that SALV is dead as an investment. It has no chance of recovery. My feeling is that the new investors who have put the fork in it should not fare better than us normal public investors. This is not even internecine since we are already beyond help. _________________________________________________________________ Dorine, I have had it with the new guys at SALV. In fact, I have run out of cheeks. This new deal is a callous and blatant disenfranchisement of the shareholders and it has essentially consigned SALV to the trash heap as an investment. My response is out of character only to the extent that it is moderate. What I really wanted to say is not fit for mixed company. GG